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The World Intellectual Property Organization has published the World Intellectual Property Indicators (WIPI) 2024.
Key Insights of WIPO World Intellectual Property Indicators 2024
- India’s Position in Global IP Filings: India has earned a place in the global top 10 for all major Intellectual Property (IP) categories—patents, trademarks and industrial designs.
- Patent Growth: India recorded the highest growth rate among the top 20 origins with a 15.7% increase in patent applications in 2023.
- Industrial Design Filings: India recorded a 36.4% increase in industrial design applications.
- Trademark Filings: India ranked fourth globally in trademark applications, with a 6.1% increase in 2023 filings.
- Global Registration Strength: India’s trademark office held over 3.2 million active registrations, positioning it as the second-largest trademark holder worldwide.
- Patent-to-GDP Ratio: India’s patent-to-GDP ratio has increased from 144 to 381 over the past decade.