- International IP Index 2020 has been released by the U.S. Chamber of Commerce’s Global Innovation Policy Center (GIPC). It is the 8th Edition of this index which ranks countries on the basis of their performance or investment in Intellectual Property (IP) driven innovation.
- GIPC has covered 53 global economies in its IP index this year. These 53 global economies represent 90% of global GDP. The index has also added three new economies this year, which are-
- Dominican Republic
- Greece
- Kuwait
- The index evaluates the economies on the basis of over 50 unique indicators which span nine categories of protection: patents, design rights, copyrights, trademarks, trade secrets, enforcement, systemic efficiency, commercialization of IP assets and membership & ratification of international treaties.
Key Findings
- As per the US Chamber IP Index 2020, the United States has continued to deliver a strong performance in Intellectual Property and has been ranked no 1 in the index.
- As per the index, the United States has achieved an overall score of 95.28% this year which is 0.48% more than the previous year where it had a score of 94.80%.
- The US is followed by the United Kingdom which is ranked at 2nd place in the index.
- European economies have dominated the Index by taking eight of the top 10 positions.
- The UK is followed by France and Germany at 3rd and 4th place respectively.
- Sweden, Japan, Netherlands, Ireland, Switzerland and Spain have been ranked 5th, 6th, 7th, 8th, 9th and 10th respectively on the index.
- Canada, which has been ranked 16th on the index, has achieved the greatest overall score increase in comparison to the previous year index.
- Out of the three newly added economies, Greece has achieved the greatest overall score.
- In BRICS nations, China has seen a continuous increase in its score in the index over the years.
- Venezuela has been ranked at the bottom of the index.
Top 5 Countries on the Index
| Rank | Country |
|---|---|
| 1 | United States |
| 2 | UK |
| 3 | France |
| 4 | Germany |
| 5 | Sweden |
Category-wise Top Economies
| Category | Top Country |
|---|---|
| Patents | Singapore |
| Copyrights | United States |
| Trademarks | United Kingdom |
| Design Rights | France |
| Trade Secrets and the Protection of Confidential Information | Germany |
| Commercialization of IP Assets | Australia |
| Enforcement | United States |
| Systemic Efficiency | France |
| Membership and Ratification of International Treaties | Canada |
Key Findings for India
- India has been ranked 40th out of 53 countries in the International IP Index 2020.
- India has an overall score of 36.82% on the index.
- India was ranked 36th out of 50 economies last year.
- India is among one of the economies who have tried to bolster protection for copyrighted content online.
The category-wise rank of India
| Category | Top Country |
|---|---|
| Patents | Singapore |
| Copyrights | United States |
| Trademarks | United Kingdom |
| Design Rights | France |
| Trade Secrets and the Protection of Confidential Information | Germany |
| Commercialization of IP Assets | Australia |
| Enforcement | United States |
| Systemic Efficiency | France |
| Membership and Ratification of International Treaties | Canada |
Quick Fact
- The first edition of the U.S. Chamber International Intellectual Property Index by GIPC was released in the year 2012.
Questions
Q: 1. What is the rank of India in the International Intellectual Property Index 2020?1. 44th
2. 42nd
3. 37th
4. 40th
5. 53rd
Answer- 4
Explanation- India has been ranked 40th out of 53 countries with an overall score of 36.82% in the International IP index 2020.
Q: 2. Which country has topped the International Intellectual Property Index 2020?
1. France
2. United Kingdom
3. United States
4. Japan
5. Germany
Answer- 3
Explanation- United States has topped the International IP Index 2020 with a score of 95.28%. The country has also topped in Copyrights and Enforcement categories.
