Context:

India is ranked 40 among 53 economies through the latest annual edition of the International Intellectual Property (IIP) Index.

The IIP Index

• It is released annually by the US Chamber of Commerce Global Innovation Policy Centre (GIPC).
• The Index aims to evaluate Intellectual Property rights in 53 global economies through-  patent and copyright policies
• Commercialization of IP assets
• Ratification of international treaties.

International Intellectual Property Index 2020

• India is ranked 40th in 2021, by scoring 38.4 out of 100. India has shown real improvement over the past few years.
• Top Countries: The United States, Japan, and Europe are at the top of the intellectual property rankings.
• Improvement: The overall global IP environment has been improved in 2020, with the positive score increasing in 32 of the 53 economies measured by the IP Index.