India’s position unchanged at 42 on International IP Index 2024
India’s position remained unchanged at 42 at the International IP Index 2024 compared to 2023, with no change even on the index score which stood at 38.64% since 2022, the US Chamber of Commerce said in a report released on Wednesday. The index ranks 55 countries on their intellectual property (IP) regime.
The top countries on the index were the USA (95.48%), UK (94.12%), France (93.12%), Germany (92.46%), Sweden (92.12%), Japan (91.26%), Netherlands (91.24%), Ireland (89.38%), Spain (86.44%) and Switzerland (85.98%).
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Offering CollegeCourseWebsiteIndian School of BusinessISB Leadership in AIVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitHighlighting India’s IP related shortcomings, the report said that the 2021 dissolution of the Intellectual Property Appellate Board combined with the long-standing issue of an under-resourced and overstretched judiciary raises serious concerns about rights holders' ability to enforce their IP rights in India and to resolve IP-related disputes.
“Limited framework for the protection of biopharmaceutical IP rights,” it added.
According to the report, however, some of the IP related strengths for India include the Cinematograph (Amendment) Bill 2023, which includes new language and criminal sanctions on film piracy, and streamlined Form 27 in 2020.
As per the report, 20 economies improved their overall scores, signaling optimism for global IP policy’s future
