India now ranked 6th globally in terms of patent applications
The Statesman|November 17, 2024
India now ranks 6th globally in terms of patent applications, with 64,480 patent filings in 2023, as per the World Intellectual Property Organization (WIPO) which annually publishes the World Intellectual Property Indicators (WIPI) report that provides a comprehensive analysis of global trends in intellectual property filings.
India now ranked 6th globally in terms of patent applications

The 2024 report highlights the growth and evolution of patents, trademarks, and industrial designs across key global economies, with particular attention to emerging markets and innovation hubs.

Among these economies, India stands out as a rapidly growing player in the global IP landscape, making significant strides in all three major IP categories—patents, trademarks, and industrial design.

In fact, this puts India among the leading nations, including China, the United States, Japan, and South Korea, in terms of intellectual property activity.

India's rise in global patent rankings is particularly notable given its vast and diverse economy, ranging from traditional sectors like agriculture to cutting-edge industries like pharmaceuticals, information technology, and renewable energy.

This story is from the November 17, 2024 edition of The Statesman.

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This story is from the November 17, 2024 edition of The Statesman.

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