In 2022, India witnessed an impressive 31.6% increase in resident patent applications, the highest growth rate among all countries, as reported by the World Intellectual Property Organization (WIPO). This significant rise underscores India’s evolving innovation landscape and its commitment to strengthening intellectual property rights.
India filed a total of 55,718 resident patent applications in 2022. This remarkable growth rate is part of a larger trend that emphasizes the nation's focus on research and development. Additionally, the number of patents granted rose by 10.5%, reaching a total of 28,391 patents.
While China continues to lead in the volume of patent applications, its year-over-year growth was significantly lower, recorded at just 1.1%. The data from WIPO highlights a global trend of increasing intellectual property registrations, with India showcasing a noteworthy improvement in its innovation index.
This surge in patent applications aligns with India’s policy measures aimed at fostering innovation and entrepreneurship. As the country enhances its focus on intellectual property, it could lead to a positive impact on global competitiveness and overall economic growth.
India's remarkable growth in patent applications reflects its commitment to innovation and the strengthening of its intellectual property framework. This trend not only positions India as a major player in the global innovation landscape but also paves the way for sustainable economic development.
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