WORLD INTELLECTUAL PROPERTY INDICATORS 2018

Key findings of Report:

• Globally, 1.4 million patents were granted in 2017, the report estimated.
  
  
• Leading countries: China’s patent authority led the world in the number of patents granted with 420,144 and was followed by the US with 318,829.
  
  
• Indian Scenario:
  • India ranked 10^th in the number of patents given in 2017.
    
    
  • The Number of patents granted by India increased by 50% in 2017 as compared to 2015. The patents granted by India were 12,387 in 2017, which was more than double the 6,022 patents granted in 2015.
    
    
  • The steep increase was driven by patents granted to foreigners, which accounted for 85% of the total increase. Of the patents granted in 2017, 1,712 went to entities and individuals based in India, and 10,675 to foreigners.
    
    
  • Pharmaceuticals accounted for 15.7% of the Indian domestic applications for patents.
    
    
  
  
  
• Comment: Demand for IP protection is rising faster than the rate of global economic growth, illustrating that IP-backed innovation is a critical component of competition and commercial activity.