World Intellectual Property Indicators (WIPI) – 2024

Source: PIB

Context: The World Intellectual Property Organization (WIPO) published the World Intellectual Property Indicators (WIPI) 2024, highlighting significant growth in intellectual property filings worldwide.

World Intellectual Property Indicators (WIPI) 2024: Key Highlights

• India’s patent growth: 15.7% growth in patent applications in 2023, the fastest among the top 20 origins globally. India ranked 6th in patent filings with 64,480 applications, over 55% from residents. Patent-to-GDP ratio increased from 144 to 381 in a decade.

• 15.7% growth in patent applications in 2023, the fastest among the top 20 origins globally.

• India ranked 6th in patent filings with 64,480 applications, over 55% from residents.

• Patent-to-GDP ratio increased from 144 to 381 in a decade.

• Industrial design applications: India recorded 36.4% growth, driven by sectors like textiles, tools, machines, and health.

• India recorded 36.4% growth, driven by sectors like textiles, tools, machines, and health.

• Trademark filings: India ranked 4th globally, with a 6.1% rise in trademark filings in 2023. Key sectors: Health (21.9%), Agriculture (15.3%), and Clothing (12.8%). Over 3.2 million active registrations, the 2nd largest globally.

• India ranked 4th globally, with a 6.1% rise in trademark filings in 2023.

• Key sectors: Health (21.9%), Agriculture (15.3%), and Clothing (12.8%).

• Over 3.2 million active registrations, the 2nd largest globally.

• Global trends: A record 3.55 million patent applications were filed globally in 2023, marking a 2.7% increase. Asia led IP filings, with India, China, South Korea, Japan, and the U.S. driving the growth.

• A record 3.55 million patent applications were filed globally in 2023, marking a 2.7% increase.

• Asia led IP filings, with India, China, South Korea, Japan, and the U.S. driving the growth.

About World Intellectual Property Organization (WIPO):

• A specialized UN agency headquartered in Geneva, Switzerland, established in 1967.

• Objective: Ensures that the IP framework evolves with global needs, fostering innovation and economic growth.

• Membership: Comprises 193 member states, making it a nearly universal body.

• Role and Functions:

• Serves as a global forum for discussions on intellectual property issues.

• Facilitates cooperation between governments, industries, and civil society on IP matters.

• Policy Development: Hosts standing committees and working groups for members to negotiate changes and draft new IP rules.

Insta links:

• International-intellectual-property-index

• Global-innovation-index