The US Chamber of Commerce released the 12th edition of its International IP (intellectual property) Index 2024, India ranked at 42 out of the 55 countries in the index with an overall score of 38.64 percent.

Index

The US Chamber of Commerce released the 12th edition of its International IP (intellectual property) Index 2024, India ranked at 42 out of the 55 countries in the index with an overall score of 38.64 percent. The United States emerged at the top of the list followed by the United Kingdom and France. The Index demonstrates the benefits that economies can receive when they adopt robust and enforceable IP standards. The top 10 economies in the world for IP rights are as follows: 1. United States (95.48%); 2. United Kingdom (94.12%); 3. France (93.12%); 4. Germany (92.46%); 5. Sweden (92.12%); 6. Japan (91.26%); 7. Netherlands (91.24%); 8. Ireland (89.38%); 9. Spain (86.44%); 10. Switzerland (85.98%). The report highlighted concerns over India's IP regime, pointing out the dissolution of the Intellectual Property Appellate Board in 2021 and a judiciary that lacks adequate resources.


      The index evaluates the IP framework of the world’s top 55 economies and found 20 economies significantly improving.

      27 economies showed no change while 8, including Ecuador, declined in rankings due to weak IP enforcement.

      India maintained its 42nd position with a score of 38.64%, unchanged since 2022.

 

     


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