IPR applications have grown at CAGR of 60% for the 9-year ended 2022, driven by a surge in Patents and Industrial Designs
FinTech BizNews Service
Mumbai, January 29, 2024: Post the global financial crisis, there is a clear reordering of the global order. There has been a surge in World IPR applications. In particular IPR applications have grown at CAGR of 60% for the 9-year ended 2022, driven by a surge in Patents and Industrial Designs, according to a research report of SBI. This research work is a joint study by Economic Research Department, State Bank of India, Mumbai and Office of the Controller General of Patents, Designs & Trade Marks Department of Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India.
• The outstanding number of patents published in the current decade (2014-2023) at 4.65 lakh was 44% higher than the patents published in the preceding decade (2004-2013)..Compared to average 89 patents per day in preceding decade, there were 127 patents published per day in current decade. Significantly, 247 patent applications filed per day in 2023 calendar year
• The journey of India, the 5th largest economy has been remarkable in this context... India is now the 6th largest in terms of number of patents in 2022..but with 77068 / 25.2% growth in 2022 vis-a-vis a degrowth of 0.4% in 2014..and is fastest surpassing even China. India has also matched the global innovation upswell by registering a 60% CAGR growth for the 9-year period ended 2022
• Indian Residents have witnessed a lofty 98% growth in patents for the 9-year period ended 2022. Non-Residents from across the world have also witnessed a doubling of patent growth in India taking advantage of an efficient and responsive IPR regime
• 32% of the patents published in India are now by Indian Residents...this a jump from 20% prior to 2014
• In terms of Resident Applications of patents, per 100 billion $ GDP, India is quickly ramping up patent registration with its decadal growth rate of 110% in 2022 in comparison to 56.9% in 2014
• India has now surpassed Canada, Australia, France, Germany and has the potential to surpass entire EU combined along with UK patent filing by 2025 and the Republic of Korea and Japan by 2026, ensuring the IP awareness across the higher education institutions through imparting them national IP awareness mission (NIPAM) training.
• Persistent efforts to strengthen IPR regime has resulted in drastic reduction in average pendency for patent examination of 2160 days in 2016 (highest among major countries) to 120 days in 2022 in majority subject specialty (fastest among major countries)
• Innovations in new fields like Computers, Communications, Biomedicals & Polymers are gaining significant traction on the back of a digital India across Resident Indians
As per the research report of SBI, in 2004-2013 decade, among the inventions by multiple inventors, Indian Resident’s share in Indian IPR market was just 16.3%. The same has now increased to 37.6% in 2014-2023 period. In 2022, patent applications filed in India by Resident Indians surpassed applications by foreign inventors
• The share of USA, Japan, Germany, France and UK in Indian markets, in terms of joint inventions are declining reflecting India’s innate strength in establishing IP friendly economic growth...
• Electronics, Electrical, Physics, Biotechnology, Civil, Metallurgy could be the next emerging sectors for IP creations and Innovation by India...
• In 2004-2013 decade, among the inventions by single inventors, only 22.9% belonged to India and rest were from foreigners primarily from USA, Japan, Germany, UK and France, which indicated commercialization of their IP and resultant outflow of money from Indian economy.
• In the current decade 2014-2023, among the inventions by single inventors, share of inventions of Indians has increased to 35.5%. USA, Japan, China and Germany are major markets from which inventions are being registered in India. This shows India is a transparent and IP friendly country
• India is witnessing a mass scale adoption of IP led innovation culture, and remarkably Uttar Pradesh is now emerging as a leader in
innovation....Gujarat is maintaining its share across decade...Telangana, Punjab, Haryana Rajasthan are new age states...coming up as
emerging leaders in IP innovation space
• In the decade of 2004-13, Indian Companies had 50% share in inventions, Individuals had 35% share and Indian Educational and Scientific institutions had only 15% share... In the decade of 2014-23, Educational and Scientific institutions have doubled their share to 31%...Educational and scientific institutions and individuals across India have now adopted the innovation culture in line with the trend in developed countries...
1. Offering Unique Value Proposition
• India is now aspiring to offer the new intellectual and innovative prowess to the world through IP driven, tech-enabled and
knowledge embedded economy by offering co-creation and IP generation in India, for the world, build around key attributes:
• Consistent, predictable, seamless and state-of-art IPR administration: Self-sustaining, financially autonomous IPR Offices (Hub-and-spoke)
• Enhanced physical and e-infrastructure of global standards (all-encompassing architecture of IP-SEWA along the lines of Passport-Sewa)
• Responsiveness to fluctuations in technology: timely scale-up of physical and e-infrastructure as also superior human capital
• Closer role in policy formulations in strategic areas such as telecom (6G+, AI/ semiconductors, defence manufacturing / space tech etc.)
• Standardization of IP related processes / systems across various IP offices (ISO standards)
• It is now the opportune time for GoI with states in tandem to create documentation of India’s intangible cultural heritage for
wider usage across cross-sections of society, in collaboration with WIPO
• The government may chart an actionable roadmap to preserve the intangible cultural heritage by adopting measures such as affirmation, recording & filing and protecting the intangible cultural heritage that reflects the distinguished traditional culture of the country having historical, literary, artistic or scientific value keeping the cherished inheritance intact
2. Aspiring for a Global Leadership
• Hand Holding & Training to LDCs • IP Diplomacy through sharing of Indian IPO processes and IP-research & policy support, similar to WIPO technical support offered by Funds-in-Trust
countries (US, China, Japan, UK, Switzerland, Republic of Korea etc
• Posting of Indian IP Counsellors in select key export markets and leading GII Countries to facilitate and sustain exports through MoUs could boost two-way connect
3. Leadership in WIPO
• WIPO Funds-in-Trust for IP diplomacy as also nudging WIPO to open an external office in India. To enhance collaboration, a Bharat IP academy can be proposed that will become the single nodal agency for collaborating with WIPO
• Strengthening India’s position for occupying Chair and Vice-Chair in different WIPO Unions / Assemblies / Working Groups through diplomatic channels that may also explore to place select Indian Officers within WIPO at strategic positions for cementing country’s image in global knowledge-space
4. Global lead in IPR awareness and promotion
• Scale-up of mission NIPAM and AIM for global innovation diplomacy
• Create working groups (viz. National IP Council) between IP Office and DoT (for ITU); DoHFW (for WHO), NBA (for IGC, CBD, Nagoya); DoS, DRDO
and DoAE (for generation of IPRs) • India should aspire to take global leadership in traditional knowledge driven AYUSH systems of medicines for the world at large
5. Legislative amendments: Modernisation of Indian IPR Laws
• IP friendly IPR regime and law necessitate targeted legislative amendments to empower and deliver.
