About International Intellectual Property Index:
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It is an annual report released by the US Chamber of Commerce Global Innovation Policy Centre(GIPC).
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Aim: The index evaluates Intellectual Property rights in 53 global economies. These economies represent together over 90% of global GDP.
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Parameters: It ranks countries based on 50 unique indicators. These indicators are divided across nine categories of protection: 1) Patents 2) copyrights 3) trademarks 4) design rights 5) trade secrets 6) commercialization of IP assets 7) enforcement 8) systemic efficiency and 9) membership and ratification of international treaties.
Key Findings Related to India:
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India has been ranked 40th in the 2021 index among the 53 global economies. In 2020 also, India was ranked 40th.
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Among BRICS nations, India registered the second-highest growth with an overall improvement of over 13%,