Question

According to the World Intellectual Property Indicators (WIPI) 2024 report, what is India's rank globally in terms of patents with 64,480 applications?

• A. Second
• B. Sixth
• C. Fourth
• D. Ninth

Answer 1

Answer:

B. Sixth

According to the World Intellectual Property Indicators (WIPI) 2024 report, India ranks sixth globally in terms of patents with 64,480 applications. India recorded the fastest growth in patent (+15.7%) applications in 2023 among the top 20 origins, marking the fifth consecutive year of double-digit growth. India ranks sixth globally for patents with 64,480 applications, with resident filings accounting for over half of all submissions (55.2%)—a first for the country. The patent office also granted 149.4% more patents in 2023 compared to the previous year, underlining the country’s fast-evolving IP ecosystem. The report indicates a steady rise (36.4%) in India’s industrial design applications, which aligns with increasing emphasis on product design, manufacturing, and creative industries within India. The top three sectors—Textiles and Accessories, Tools and Machines, and Health and Cosmetics—made up almost half of all design filings,