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India inches up global Intellectual Property Index

New Delhi, February 9 2020:  The  annual International Intellectual Property (IP) Index released by the  U.S. Chamber of Commerce says India has made significant progress towards establishing stronger IP protections—but the job is not yet done.  
The 8th annual ranking   covering 53 global economies,  suggests that there has been  improvement of nearly 7% in India’s score since last year.  In the sixth (2018) and seventh (2019) editions, India made larger overall advances in the rankings than any other country. The momentum of India’s most ambitious reforms continues this year, albeit at a slower pace.
Says U.S-India Business Council President Nisha Biswal:  “IPR protection is a good news story for India. (The government) has largely centralized IPR policy and enforcement, providing the resources needed to improve transparency and consumer awareness.”
The report states: "India continues to be a promising yet challenging market for technologically cutting-edge, IP-intensive industries. Serious hurdles remain, particularly in the areas of patent eligibility and enforcement."

 The International IP Index 2020 entitled " Art of the Possible"can be found here.