International Intellectual Property (IIP) Index

Why in news?

• Recently, India has improved its overall International Intellectual Property (IIP) score from 38.4% to 38.6%, and the country is ranked 43rd out of 55 countries on the International Intellectual Property Index.

About International Intellectual Property (IIP) Index:

• It was released annually by the US Chamber of Commerce Global Innovation Policy Centre (GIPC).
• The index was started in 2012 and the first edition compared IP environments in 11 economies.

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.

Add ons:

• The IP Index serves as a roadmap for policymakers who look to support creativity, innovation and economic growth through more robust IP policy.

PRACTICE QUESTION:

International Intellectual Property Index is released by:

(a) US Chamber of Commerce Global Innovation Policy Centre

(b) World Bank

(c) World Intellectual Property Organization

(d) World Customs Organization

Answer