International Intellectual Property Index 2023

Why in news?

• Recently, India ranks 42nd among 55 leading global economies on the International Intellectual Property (IP) Index 2023 released by the U.S. Chambers of Commerce, according to which India is ripe to become a leader for emerging markets seeking to transform their economy through IP-driven innovation.
• US topped the International IP Index followed by United Kingdom and France.

About International Intellectual Property Index 2023:

• The Index evaluates the IP framework in each economy across 50 unique indicators which industry believes represent economies with the most effective IP systems.
• The indicators create a snapshot of an economy overall IP ecosystem and span nine categories of protection:
  • Patents, Copyrights, Trademarks, Design Rights, Trade Secrets, Commercialization of IP Assets, Enforcement, Systemic Efficiency, Membership and Ratification of International Treaties.

PRACTICE QUESTION:

International Intellectual Property Index is published annually by:

(a) World Intellectual Property Organization

(b) European Patent Organisation i

(c) U.S. Chambers of Commerce

(d) International Patent Institute

Answer