Thinking Out-Of-The-Box: India Records Highest Growth In International Patent Filing In 2018

India, marking the highest growth among the top 15 nations, has filed more than two thousand international patent applications in 2018, reports Financial Express.

According to the report, data from the 2018 global intellectual property (IP) services of the World Intellectual Property Organisation (WIPO) has revealed that Asia-based innovators have filed over 50 per cent of international patents.

“Asia-based innovators filed more than half of all international patent applications via WIPO for the first time in 2018 on significant growth from China, India and the Republic of Korea, capping another record-setting year for WIPO’s global intellectual property (IP) services,” said a WIPO statement.

India marked a significant growth of 27 per cent while China was ranked second with a 21 per cent share. India and China are reportedly the only two middle-income countries to be ranked among the top 15 countries, reports Finacial Express.

As per the Financial Express report, most of the Indian patents have been filed by TVS Motor Company, the Council of Scientific and Industrial Research, the Indian Institute of Technology and Reliance Industries.

Indian pharmaceutical companies, including Dr Reddys, Sun Pharma, Cipla and Lupin among others, have a significant presence in the patents list.