International Intellectual Property Index 2021

Current Context: The 9th edition of the International Intellectual Property Index 2021 was released.

It was released by the US Chamber of Commerce Global Innovation Policy Centre (GIPC).
As per the index, India is ranked at 40th position among 53 nations with a score of 38.40.
The index is topped by the USA with a score of 95.31.
The second and third rank positions are marked by the UK and Germany respectively.
The index ranking is framed by evaluating IP rights, patents, copyright policies, commercialization of IP assets and ratification of International Treaties for all 53 nations.
The report suggests that India needs a unified IP framework for sectors like advanced manufacturing, biopharmaceutical products and creative contents.
The report also suggests that India needs to remove bureaucratic barriers and make Cinematographic law amendments to improve its rank position in the index.