November 18, 2024
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Intellectual property growth signals India's rising global innovation role as patents, trademarks and designs surge.
India's filings across patents, trademarks and industrial designs have expanded markedly, with rising resident filings, increased patent grants and a higher patent to GDP ratio indicating stronger domestic innovation and improved patent office processing. Industrial design growth-led by textiles, tools and health products-signals a shift to design driven manufacturing. Trademark activity also rose, dominated by resident filings in health, agriculture and clothing, supported by the National Intellectual Property Rights Policy, procedural and digital reforms, education and commercialization initiatives and start up and incubation programmes.