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Revealing significant growth in patent, trademark, and industrial design applications across top economies, the World Intellectual Property Organization (WIPO) in its latest report ‘the World Intellectual Property Indicators (WIPI) 2024’ has said that India has secured a spot in the global top 10 for all three major intellectual property (IP) rights - patents, trademarks, and industrial designs.

The report also stated that India continues to solidify its place as a global leader in the intellectual property landscape by showing substantial progress and marking new milestones in IP activity. India recorded the fastest growth in patent (+15.7%) applications in 2023 among the top 20 origins, marking the fifth consecutive year of double-digit growth. 

Further, India ranks sixth globally for patents with 64,480 applications, with resident filings accounting for over half of all submissions (55.2%) - a first for the country. The patent office also granted 149.4% more patents in 2023 compared to the previous year, underlining the country’s fast-evolving IP ecosystem. The report indicates a steady rise (36.4%) in India’s industrial design applications, which aligns with increasing emphasis on product design, manufacturing, and creative industries within India. 

As per the report, India ranked fourth globally in trademark filings, with a 6.1% increase in 2023. Nearly 90% of these filings were by residents, with key sectors including Health (21.9%), Agriculture (15.3%), and Clothing (12.8%) leading the way. India’s trademark office holds the second-largest number of active registrations worldwide, with over 3.2 million trademarks in force, reflecting the country’s strong position in global brand protection.