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Source: This post on WIPO 2024 Report has been created based on the article “India secures position in top 10 countries in Patents, Trademarks, and Industrial Designs: WIPO 2024 Report”
published in PIB on 13th November 2024.
Why in news?
The World Intellectual Property Organization (WIPO) highlights India’s advances in the 2024 World Intellectual Property Indicators (WIPI) report.
India has entered the top 10 globally for patents, trademarks, and industrial designs, reflecting its growing influence in intellectual property (IP).
Highlights of the report
1. India led the top 20 origins in 2023 with a 15.7% growth in patent applications, marking five consecutive years of double-digit increases.
2. India ranks sixth worldwide with 64,480 patent applications, over half of which (55.2%) were resident filings—a first for the nation.
3. Patent grants surged by 149.4% compared to 2022, showcasing rapid evolution in India’s IP ecosystem.
4. Industrial design applications increased by 36.4%, highlighting growth in manufacturing, product design, and creative industries. Textiles and Accessories, Tools and Machines, and Health and Cosmetics sectors contributed to nearly half of these filings.
5. Long-Term Growth in IP Filings: From 2018 to 2023, India’s patent and industrial design applications more than doubled, and trademark filings grew by 60%. India’s patent-to-GDP ratio increased from 144 to 381 over the last decade, illustrating IP growth alongside economic expansion.
6. Top Rankings in Trademarks: India ranked fourth globally in trademark filings, achieving a 6.1% increase in 2023, with nearly 90% from resident applicants.
Key sectors: Health (21.9%), Agriculture (15.3%), and Clothing (12.8%).
7. India’s trademark office holds the second-largest number of active registrations globally, with over 3.2 million trademarks in force.
6. Global IP Trends: Worldwide, 3.55 million patent applications were filed in 2023, marking a 2.7% increase from 2022, with strong contributions from Asia. China, the U.S., Japan, South Korea, and India were major contributors, with a notable rise in resident filings, indicating a focus on local innovation.
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