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World Intellectual Property Indicators Report 2024

Context

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.

About World Intellectual Property Organisation (WIPO)

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Piyush
Piyush
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Greetings! I'm Piyush, a content writer at StudyIQ. I specialize in creating enlightening content focused on UPSC and State PSC exams. Let's embark on a journey of discovery, where we unravel the intricacies of these exams and transform aspirations into triumphant achievements together!