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Context:

The World Intellectual Property Organization (WIPO) has released its World Intellectual Property Indicators (WIPI) 2024.

World Intellectual Property Organization (WIPO)

• It is one of the United Nations (UN)'s 15 specialized agencies committed to promoting and protecting intellectual property (IP) worldwide.
• It started operations in 1970, when the 1967 Convention Establishing the World Intellectual Property Organization came into effect. India joined WIPO in 1975.
• It currently has 193 member states; 190 UN members and three non-UN members: the Cook Islands, the Holy See, and Niue. Palestine holds permanent observer status.
  • • The Federated States of Micronesia, Palau, and South Sudan are the only UN-recognized countries that are not WIPO members.
• It is headquartered in Geneva, Switzerland.

Intellectual Property Rights (IPR) Intellectual property rights (IPR) are legal privileges granted to inventors or creators that protect their intellectual work (in the arts, sciences, literature, and so on) for a set period. The first international treaties to recognize the importance of intellectual property were the Paris Convention for the Protection of Industrial Property (1883) and the Berne Convention for the Protection of Literary and Artistic Works (1886). The World Intellectual Property Organisation (WIPO) is in charge of protecting intellectual property rights (IPRs) around the world.

World Intellectual Property Indicators (WIPI) 2024

India ranks among the top ten countries in the world for all three major intellectual property (IP) rights: patents, trademarks, and industrial design.

Patents

India recorded a 15.7% increase in patent applications in 2023, making it the fastest-growing country among the top 20 countries.

India ranks sixth in the world for patent applications with 64,480, and resident filings account for more than half of all submissions (55.2%)

India granted 149.4% more patents in 2023 than 2022.

India's patent-to-GDP ratio has increased significantly over the last decade, rising from 144 to 381, indicating that intellectual property activity is expanding in line with economic growth.

Trademarks

Trademark filings in India increased by 60% between 2018 and 2023, highlighting the country's expanding IP landscape.

In 2023, India ranked fourth globally in terms of trademark filings, with a 6.1% increase.

Residents filed for nearly 90% of India's trademarks in 2023.

In 2023, the top three sectors for trademark filings in India were health (21.9%), agriculture (15.3%), and clothing (12.8%).

 India's trademark office has the world's second-largest number of active trademark registrations, with over 3.2 million in force.

Industrial design

Between 2018 and 2023, patent and industrial design applications more than doubled, highlighting the country's increasing focus on intellectual property and innovation.

Textiles and Accessories, Tools and Machines, and Health and Cosmetics were the top three contributors to India's industrial design filings, accounting for nearly half of all filings.   

In 2023, a record 3.55 million patent applications were filed globally, which is a 2.7% increase from 2022. Residents in China, the US, Japan, South Korea, and India were the main contributors to the increase.

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PIB

PRACTICE QUESTION Q.Consider the following statements in the context of the World Intellectual Property Organization (WIPO): 1. It is one of the specialized agencies of the United Nations (UN). 2. All members of the United Nations (UN) are members of WIPO. Which of the above statements is/are correct? A) 1 only B) 2 only C) Both 1 and 2 D) Neither 1 nor 2 Answer: A Explanation: Statement 1 is correct: The World Intellectual Property Organization (WIPO) is one of the United Nations' 15 specialized agencies. According to the 1967 Convention establishing the World Intellectual Property Organization, WIPO was established to promote and protect intellectual property (IP) worldwide through collaboration with countries and international organizations. Statement 2 is incorrect: WIPO currently has 193 members, including 190 United Nations (UN) member nations, the Cook Islands, the Holy See, and Niue; Palestine is a permanent observer.  The United Nations recognizes only three non-member countries: the Federated States of Micronesia, South Sudan and Palau.