♦ According to the World Intellectual Property Indicators 2024 report, India secured sixth place globally for patents, trademarks, and industrial designs.  This report was published by the World Intellectual Property Organization (WIPO) on 12 November 2024. 

♦ In 2023, India recorded a remarkable 15.7% growth in patent applications, the fastest among the top 20 countries. This growth marks the fifth consecutive year of double-digit increases in patent filings.

♦ India now ranks 6th globally with 64,480 patent applications, with over half (55.2%) of these applications coming from domestic applicants - a first for the country.

♦ Furthermore, India granted 149.4% more patents in 2023 compared to the previous year, underscoring the rapid expansion of its IP ecosystem.

♦ The WIPO report also highlighted India’s strong performance in trademark filings, with a 6.1% increase in 2023. India ranked 4th globally for trademarks, with nearly 90% of these filings originating from domestic businesses.

♦ The sectors leading in trademark filings included Health (21.9%), Agriculture (15.3%), and Clothing (12.8%). India’s trademark office now holds the second-largest number of active trademark registrations worldwide, with over 3.2 million trademarks in force.