The WIPO report stated that in 2022, there were a projected 11.8 million trademark applications submitted globally
(Representative Image)
According to the WIPO report, the number of patent applications filed by Indian citizens increased by 31.6 per cent in 2022, maintaining an 11-year trend
Prime Minister Narendra Modi responded to a World Intellectual Property Organisation report by stating that the increase in patent applications in India shows the growing inventive spirit of the country’s youth and is a very good indication for the years to come. According to the WIPO report, the number of patent applications filed by Indian citizens increased by 31.6 per cent in 2022, maintaining an 11-year trend of growth that was unparalleled by any other nation among the top 10 filers.
PM Modi took to the microblogging platform X (formerly known as Twitter) and posted , “The rise in patent applications in India demonstrate the rising innovative zeal of our youth and is a very positive sign for the times to come.”
The rise in patent applications in India demonstrate the rising innovative zeal of our youth and is a very positive sign for the times to come. https://t.co/EpEdEqlGrx— Narendra Modi (@narendramodi) November 8, 2023
The nations with the most patent submissions in 2022, according to the report, were China, the US, Japan, South Korea, and Germany. India’s increase was noted, while China’s growth rate fell for a second year in a row, from 6.8 per cent in 2021 to 3.1 per cent in 2022, even though the country’s inventors still submit about half of all patent applications worldwide.
In 2022, there were a projected 11.8 million trademark applications submitted globally, which comprises 15.5 million classes. It was the first yearly decline in the number of classes listed in applications since 2009, with a 14.5 per cent decrease.
In 152 IP offices worldwide, there were an expected 82.5 million active trademark registrations, a 9.4 per cent increase from 2021. At around 42.7 million, China remained the country with the greatest number of active trademark registrations in 2022. The US, with 3.1 million active registrations, and India, with about 2.9 million, followed next.
The World Intellectual Property Organisation (WIPO) is an international platform for intellectual property policy, services, information, and collaboration. Working with its 193 member nations, WIPO, a specialised agency of the UN, helps create a fair international intellectual property law framework that adapts to the changing requirements of society.