India ranks 42 in 55 countries on International IP Index: US Chambers of Commerce

The US Chambers of Commerce has released the International IP Index, ranking India 42nd among 55 leading global economies.

The report suggests that India has strong potential to become a leader for emerging markets seeking to transform their economy through IP-driven innovation. India has made continued efforts to combat copyright piracy, has generous R&D and IP-based tax incentives, and is a global leader in targeted administrative incentives for the creation and use of IP assets for SMEs.

However, long-standing gaps in its IP framework, such as an under-resourced and overstretched judiciary, raise concerns about rights holders' ability to enforce their IP rights in India and to resolve IP-related disputes. The report aims to help nations navigate toward a brighter economic future marked by greater innovation, creativity, and competitiveness.