Context:

• According to a World Intellectual Property Organization report World Intellectual Property Indicators 2023, patent application filings by Indians surged by 31.6% in 2022, the sharpest increase globally, reflecting the country’s growing innovation ecosystem.

Global Patent Trends 2022: India Surges in Innovation with Notable Rise in Patent Applications:

• Global Status: Innovators worldwide filed 3.46 million patent applications in 2022, which is 1.7% higher when compared with the previous year.

• Indian scenario: Indians filed 15,495 more patent applications in 2022 than in the previous year, while China received 33,605 more applications than in 2021. 
• Share of women: In absolute terms, India accounts for the sixth largest number of patent applications globally. 

• Women had a share of 23.9 percent of all the Patent Cooperation Treaty applications. 
• Major IP filing region: The bulk of IP filing activity in 2022 occurred in Asia, with the region accounting for 67.9%, 67.8% and 70.3% of global patent, trademarks and industrial designs filing activity. 
• Featured technology in published patent applications: Computer technology accounted for 11.1% of the world total in 2021. 
  • It was followed by electrical machinery (6.4%), measurement (5.8%), medical technology (5.2%) and digital communication (4.9%).
• Trademark filings: India was in the top four with 467,918 filings in 2022, behind the US (945,571), Turkey (482,567), and Germany (479,334).  
• Geographical indication (GI): China had the most GIs in force within its territory, with 9,571, followed by Hungary (7,843), Germany (7,386) and the Czech Republic (6,383).

News Source: Economic Times