About International IP Index:
- It is released annually by the US Chamber of Commerce.
- The index evaluates IP rights in 55 global economies across 50 unique indicators.
- The indicators include patent and copyright policies to commercialization of IP assets, and ratification of international treaties.
- The index aims to help nations navigate toward a brighter economic future marked by greater innovation, creativity, and competitiveness.
- International IPIndex 2023: The United States is ranked first, followed by the UK and France. India is ranked 42nd in the index.
What is Intellectual Property?
- It refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce.
- Intellectual property rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time.
- There are several types of intellectual property protection like patent, copyright, trademark, etc.
Q1) What is a patent?
A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. To get a patent, technical information about the invention must be disclosed to the public in a patent application.
Source: India ranks 42 in 55 countries on International IP Index
Last updated on June, 2025
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