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India secures spot in top 10 for 3 major IP rights in WIPO list
The Statesman
|November 13, 2024
India has secured a spot in the global top 10 for all three major intellectual property (IP) rights—patents, trademarks, and industrial designs—in the World Intellectual Property Indicators (WIPI) 2024.
WIPI was released by the World Intellectual Property Organization (WIPO) underscoring global trends in intellectual property (IP) filings.
India continues to solidify its place as a global leader in the IP landscape by showing substantial progress and marking new milestones in IP activity.
The report reveals significant growth in patent, trademark, and industrial design applications across top economies.
India recorded the fastest growth in patent (+15.7 per cent) applications in 2023 among the top 20 origins, marking the fifth consecutive year of double-digit growth.
India ranks sixth globally for patents with 64,480 applications, with resident filings accounting for over half of all submissions (55.2 per cent), a first for the country.
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