India growth Story gets noticed

According to the World Intellectual Property Organization (WIPO), which releases the World Intellectual Property Indicators (WIPI) report every year that offers a thorough analysis of global trends in intellectual property filings, India currently ranks sixth in the world in terms of patent applications, with 64,480 patent filings in 2023.

With a ranking in the top 10 nations for patents, trademarks, and industrial designs, the nation has cemented its place as a global leader in intellectual property filings. With India making impressive progress in patent applications, brand protection, and design breakthroughs, this accomplishment highlights the nation’s expanding ability for innovation.

In actuality, this places India in the top tier of countries in terms of intellectual property activity, along with China, the US, Japan, and South Korea. Given its extensive and varied economy, which includes both traditional industries like agriculture and cutting-edge ones like pharmaceuticals, information technology, and renewable energy, India’s ascent in the world’s patent rankings is especially noteworthy.

With special focus on emerging countries and innovation hubs, the 2024 report examines the expansion and development of patents, trademarks, and industrial designs across major worldwide economies. With notable advancements in all three of the main IP categories—patents, trademarks, and industrial design—India stands out among these economies as a player in the global IP scene that is expanding quickly.

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