International Intellectual Property Index

India has improved its overall IP score from 38.4 per cent to 38.6 per cent, and the country is ranked 43 out of 55 countries on the International Intellectual Property Index 2022. This index was released by the Global Innovation Policy Center of the U.S. Chamber of Commerce. The report of this year analyzed data of the last 10 years and revealed that the global IP environment has consistently improved over time, even in the last two years of turmoil due to the pandemic. The report also states that emerging economies are strengthening their IP regimes.

The Top 5 Countries in the International Intellectual Property Index

1. United States of America
2. United Kingdom
3. Germany
4. Sweden
5. France

US Chamber of Commerce (USCC)

• It is the world’s largest business federation, representing over 3 million companies of all sectors, sizes, and regions, as well as regional and state chambers of commerce and industry groups.
• It also advocates policies that help in growing the economy of businesses and their job creation.
• USCC was founded in the year 1912 and is located in Washington D.C. Suzanne P. Clark is the CEO of this organization.

Global Innovation Policy Center (GIPC)

• The USCC’s principal institution is the GIPC and handles all the issues which are related to creativity and innovation by advocating strong standards of intellectual property.
• The GIPC is working to promote creativity and innovation across the globe through intellectual property standards that save lives, create jobs, cultural prosperity, and advance global economy.