India's Rise in Global IP Rankings: A Decade of Innovation
| Key Aspect | Details |
|---|---|
| Why in News | India ranked in the global top 10 for patents, trademarks, and industrial designs according to the WIPO 2024 report. It recorded the fastest patent growth at 15.7%, ranked sixth in patent filings, and fourth in trademark filings. |
| Patent Applications (2023) | India filed 64,480 patent applications, with 55.2% resident filings (first time achieving this milestone). |
| Patent Growth | 15.7% increase in patent applications, marking the fifth consecutive year of double-digit growth. |
| Patents Granted (2023) | Increase of 149.4% in patents granted compared to the previous year. |
| Industrial Design Filings | 36.4% rise in industrial design applications; top sectors: Textiles and Accessories, Tools and Machines, Health and Cosmetics. |
| Trademark Filings | India ranked fourth globally, with a 6.1% increase; nearly 90% filed by residents. Key sectors: Health (21.9%), Agriculture (15.3%), Clothing (12.8%). |
| Trademarks in Force | Over 3.2 million trademarks registered, second-largest number of active registrations globally. |
| Patent-to-GDP Ratio | Increased from 144 to 381 over the past decade. |
| Global Context | Asia accounted for 68.7% of global patent applications in 2023, with notable contributions from China, the US, Japan, South Korea, and India. |