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India jumps 8 places to 36th on International IP Index

Press Trust of India  |  New Delhi 

has jumped eight places to 36th position on the International (IP) Index, which analyses the climate in 50 global economies, this year.

India's eight-point jump in 2019 from 44th position in 2018 is the highest increase among 50 nations mapped by the index, a release said.

The US, the UK, Sweden, and remained the top five economies on the index in 2019 retaining their spots from the last year.

The index brought out by the US Chamber of (GIPC) ranks countries based on 45 indicators that are critical to an innovation-led economy supported by robust patent, trademark, copyright, and trade secrets protection.

"The improvement reflects important reforms implemented by Indian policy-makers towards building and sustaining an innovation ecosystem for domestic entrepreneurs and foreign investors alike," the release said.

India's overall score has also increased substantially from 30.07 per cent (12.03 out of 40) in the previous edition to 36.04 per cent (16.22 out of 45) in the present edition.

"For the second year in a row, India's score represents the largest gain of any country measured on the Index, which covers over 90 per cent of global gross domestic product," said Patrick Kilbride, of

The US Chamber International Index provides an report card for the world and a blueprint for policy-makers in countries like that wish to bolster economic growth and jobs, innovation, and creativity.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 07 2019. 16:45 IST