India's rank remained at 42 in the International IP Index 2024

Current Context: The International IP Index 2024, released by the Global Innovation Policy Center (GIPC) of the U.S. Chamber of Commerce, ranked India at 42nd position, unchanged from the previous year.

• The index evaluates the intellectual property (IP) frameworks of 55 economies, representing over 90% of global GDP.
• India’s overall score was 38.64%, with the report highlighting concerns over India’s IP regime, including the dissolution of the Intellectual Property Appellate Board in 2021 and an under-resourced judiciary.
• However, strengths were noted in areas such as the Cinematograph (Amendment) Bill 2023.
• The top three countries in the index were the USA (95.48%), UK (94.12%), and France (93.12%).

Question:

Q.1 What is the rank of India in the International IP Index 2024?
a. 40
b. 42
c. 44
d. 46