India recorded a remarkable increase in patents granted
In a significant achievement, the Indian Patent Office granted a record-breaking 41,010 patents during the fiscal year 2023 to 2024, as of November 15, 2023. This milestone marks the highest number of patents ever awarded in India.
The trajectory of patents granted in India has shown remarkable growth over the years. The number of patents granted was 4,227 for the fiscal year 2013 to 2014, which increased to 28,385 for the fiscal year 2021 to 2022. Subsequently, it surged further to 34,153 for the fiscal year 2022 to 2023.
Manisha Singh, Founder and Managing Partner at LexOrbis in New Delhi, expressed enthusiasm about the significant increase in granted patents during the current fiscal year. She emphasized that this surge reflects a robust innovation ecosystem within the country, showcasing the growing recognition of the importance of intellectual property rights and innovation.
Singh highlighted that fostering an environment that nurtures and rewards creativity and technological advancement contributes to India’s commitment to cultivating a culture of innovation. This commitment, in turn, fuels economic growth, attracts investment, and positions the country at the forefront of global innovation.
India has also played a pivotal role in the global increase in patent filings in 2022. The World Intellectual Property Indicators Report indicates that worldwide patent filings rose from 3.40 million in 2021 to 3.46 million in 2022. India contributed to this global rise with a notable increase of 31.6 percent in the number of applications filed by residents from 2021 to 2022. This underscores India’s active participation and impact in the global landscape of intellectual property.
World Intellectual Property Indicators Report Top of Form
The World Intellectual Property Organization (WIPO) regularly publishes the “World Intellectual Property Indicators” report, which provides a comprehensive overview of global intellectual property (IP) activity. This report typically includes statistics and analysis on various aspects of intellectual property, such as patents, trademarks, industrial designs, and copyright.
Here are some key points about the World Intellectual Property Indicators Report:
- Publication: The report is an annual publication by WIPO, providing the latest statistical data and trends in the field of intellectual property.
- Content:
- Patents: Information on patent filings, grants, and trends worldwide. This includes data on the top patent offices globally and the fields of technology where patents are most active.
- Trademarks: Statistics on trademark applications and registrations, including the most active trademark offices and classes of goods and services.
- Industrial Designs: Data on industrial design applications and registrations, highlighting the most significant contributors.
- Plant Varieties: Information on plant variety applications and grants.
- Geographical Indications: Statistics on geographical indication applications and registrations.
- Global Overview: The report provides a global perspective on intellectual property trends, showcasing the regions and countries that are most active in terms of IP filings.
- Analysis: In addition to presenting raw data, the report often includes analysis and insights into emerging trends, changes in filing patterns, and the impact of intellectual property on innovation and economic development.
- Reference for Policymakers: The World Intellectual Property Indicators Report serves as a valuable resource for policymakers, researchers, industry professionals, and the public interested in understanding the state of intellectual property globally.
- Online Access: The report is usually available for free on the WIPO website in digital format, allowing easy access to a wide audience.
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– You could see Procedure of Trademark in India here.
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