India's rank remains unchanged at 42 in International IP index 2024

India’s Rank in International IP Index 2024

• Released by: U.S. Chamber of Commerce’s Global Innovation Policy Center (GIPC)
• Edition: 12th (2024)
• Coverage: 55 economies assessed on Intellectual Property (IP) frameworks
• India’s Rank: 42 (unchanged from 2023)
• India’s Score: 38.64% (unchanged)

Global Highlights:

• Top Rank: United States
• Notable Improvers: Saudi Arabia, Brazil, Nigeria
• Declines: 8 economies (e.g., Ecuador) due to weak IP enforcement
• No Change: 27 economies, including India

India-specific Findings:

• Positive steps:
  • Cinematograph (Amendment) Bill, 2023 – added criminal sanctions on film piracy.
  • Strong enforcement against copyright piracy via dynamic injunctions.
  • R&D and IP-based tax incentives encouraging innovation.
• Policymakers increasingly recognize IP rights as critical for economic growth and competitiveness.
  
  Top 5 Economies for IP Rights, 2024
  1. United States (95.48%)
  2. United Kingdom (94.12%)
  3. France (93.12%)
  4. Germany (92.46%)
  5. Sweden (92.12%
  
  India - 42nd 
  
  
  The International Intellectual Property Index is released by the U.S. Chamber of Commerce 

Significance:

• Acts as a compass for policymakers to strengthen innovation ecosystems.
• Reinforces the link between robust IP regimes and global competitiveness.
  
   Updated : Feb 28 2024 | 7:45 PM | Business Standard