The International IP Index was released by Global Innovation Policy Center (GIPC) of the US Chambers of Commerce, a top American industry body.
Key findings:
India has been ranked 40th out of 53 countries on the 2020 index. India was placed at 36th position among 50 countries in 2019.
India's score, however, increased from 36.04 per cent (16.22 out of 45) in 2019 to 38.46 per cent (19.23 out of 50) in 2020, a 2.42 per cent jump in absolute score. However, India's relative score increased by 6.71 per cent.
Since 2016, India has improved the speed of processing for patent and trademark applications, increased awareness of IP rights among Indian innovators and creators, and facilitated the registration and enforcement of those rights.
Two new Index economies (Greece and the Dominican Republic) scored ahead of India. The Philippines, and Ukraine leapfrogged India.
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