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WIPO 2024 Report
Context:
The World Intellectual Property Organisation’s (WIPO) World Intellectual Property Indicators (WIPI) 2024 report highlights global trends in intellectual property (IP) filings, showing robust growth in patent, trademark, and industrial design applications across major economies.
More on News:
- Global Resilience: WIPI 2024 data shows global resilience in IP filings, with patent applications reaching a record 3.55 million worldwide in 2023—a 2.7% increase from 2022—driven largely by filings in Asia, notably from China, the U.S., Japan, South Korea, and India.
- Local Innovation: This trend highlights an increasing emphasis on local innovation as countries strengthen their IP landscapes.
World Intellectual Property Organisation (WIPO)
It is a specialised agency of the United Nations, established to promote and protect intellectual property (IP) globally.
History and Establishment
- Formation: WIPO was created by the 1967 Convention Establishing the World Intellectual Property Organisation, which came into force on April 26, 1970. This date is celebrated annually as World Intellectual Property Day.
- UN Specialised Agency: In 1974, WIPO became a specialised agency of the UN, marking a significant evolution in its mandate from merely promoting IP protection to also facilitating technology transfer and economic development.
Headquarters and Structure
- Location: WIPO is headquartered in Geneva, Switzerland, and operates through external offices in various countries including Algeria, Brazil, China, Japan, Nigeria, Russia, and Singapore.
- Governance: The organisation is governed by a General Assembly and a Coordination Committee, which set policies and elect the Director General.
India’s Achievements:
- Amongst Top: India has achieved a spot in the global top 10 for patents, trademarks, and industrial designs, underscoring its emergence as a global leader in IP.
- Fastest Growth: In 2023, India saw the fastest growth rate among the top 20 origins for patent applications, rising by 15.7% and marking a fifth consecutive year of double-digit growth.
- Sixth in Patent: Ranking sixth globally with 64,480 patent applications, more than half of these filings (55.2%) were from residents—an important milestone.
- India’s Patent Office: It also granted 149.4% more patents than in 2022, illustrating the rapid advancement of the country’s IP ecosystem.
- India’s trademark office now holds the world’s second-largest number of active registrations, with over 3.2 million trademarks in force, reflecting strong national brand protection.
- Industrial Design Applications: It rose by 36.4%, reflecting a growing focus on product design and the creative industries, especially in sectors like Textiles and Accessories, Tools and Machines, and Health and Cosmetics, which represented almost half of all filings.
- From 2018 to 2023, India more than doubled its patent and industrial design applications, while trademark filings increased by 60%, indicating a national push toward innovation.
- Patent-to-GDP Ratio: India’s patent-to-GDP ratio has also grown from 144 to 381 over the past decade, aligning IP activity with economic expansion.
- Fourth in Trademark: India ranked fourth globally in trademark filings, with a 6.1% increase in 2023, largely driven by residents, who accounted for nearly 90% of filings.
- Key Sectors: These included Health (21.9%), Agriculture (15.3%), and Clothing (12.8%).
