India ranked among global top 10 for patents, trademarks and designs

Current Context: The World Intellectual Property Organization (WIPO) released the World Intellectual Property Indicators (WIPI) 2024 report on November 12, 2024.

• The report was released at the WIPO headquarters in Geneva, Switzerland.
• Key Findings:
• Patents: India ranks sixth globally with 64,480 patent applications in 2023, marking a 15.7% growth.
• Trademarks: India ranks fourth globally with a 6.1% increase in trademark filings, totaling over 3.2 million active trademarks.
• Industrial Designs: India saw a 36.4% increase in industrial design applications, with significant contributions from sectors like textiles, accessories, tools, machines, health, and cosmetics.
• India's consistent double-digit growth in IP filings over the past five years highlights its growing emphasis on innovation and intellectual property rights.

Question:

1 In the 2024 WIPI report, what is India's global rank in trademark filings?

• A) First
• B) Second
• C) Third
• D) Fourth

Answer: D) India ranks fourth globally in trademark filings, indicating its robust use of trademarks to protect brand identity and product differentiation.