India jumps 8 place to 36th on international IP index 2019
The US Chambers of Commerce released the annual International IP Index of top 50 economies in the world, in the index. India has maintained an upward trajectory in the International Intellectual Property IP Index ranking. In the latest edition of the International IP Index, India’s rank moved up to 36 among 50 economies – jumping eight places – as against 44 in 2018.
- The index, which analyses the IP climate in 50 global economies, is brought out by the US Chamber of Commerce’s Global Innovation Policy Center (GIPC).
- The improvement reflects important reforms implemented by Indian policymakers towards building and sustaining an innovation ecosystem for domestic entrepreneurs and foreign investors alike.
- India’s overall score has also increased substantially from 30.07% (12.03 out of 40) in the previous edition to 36.04% (16.22 out of 45) in the present edition.