WIPO Current Affairs - 2019

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Patents granted by India up by 50% in 2017: WIPO

According to World Intellectual Property Indicators 2018 report released by United Nation’s World Intellectual Property Organisation (WIPO), number of patents granted by India shot up by 50% in 2017.  The patents granted by India increased from 8,248 in 2016 to 12,387 in 2017, thus keeping up trend of steep increases.

Key Facts

Patents granted in 2017 in India were more than double 6,022 patents granted in 2015. Of the patents granted in 2017, 1,712 went to entities and individuals based in India, and 10,675 to foreigners. The steep increase in number was driven by patents granted to foreigners, which accounted for 85% of total increase. The number of patents given to domestic entities also has shown increasing trend.

In 2016, 1,115 went to domestic individuals or entities and 7,133 to foreigners and in 2015, 822 were granted to applicants in India and 5,200 to foreigners. Globally, 1.4 million patents were granted in 2017. China led world with 4,20,144 granted patents and was followed by US with 3,18,829.

World Intellectual Property Organisation (WIPO)

It is the global body for promotion and protection of intellectual property rights (IPR). It is one of the 15 specialized agencies of United Nations (UN). It was established in 1967 and is headquartered in Geneva, Switzerland. Its mandate is to encourage creative activity, to promote the protection of intellectual property throughout the world.

It encourages and provides assistance to all its 188 member countries in formulating national IPR policy however it does not dictate or prescribe any mandatory measures. India is a member of WIPO and party to several treaties administered by WIPO.

Month: Categories: Business, Economy & Banking

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Global Innovation Index (GII): India ranks 57th

In recently released Global Innovation Index (GII) 2018, India was ranked 57th among 130 countries. It was 11th edition of GII and was jointly released by Cornell University, INSEAD and World Intellectual Property Organisation (WIPO).  This year, India has moved up 3 places as compared to 60th rank in GII 2017 and emerged as top-ranked economy in Central and South Asia.

Key Highlights

India

India has maintained its top place in central and south Asia region. It has consistently moving up on global ranking from 81st in 2015 to 57th this year. In fact, it has climbed up the list third year in row. It ranked at 66th position in 2016 and 60th last year.

Strengths: These indicators have helped India to improve its ranking. It includes India’s human capital (graduates in science & engineering), growth rate of GDP per worker, exports of information and communication technology (ICT) and services, productivity growth and creative goods exports etc.

Weakness: India has fared badly on indicators such as ease of starting business, political stability and safety, overall education and environmental performance

Global Innovation Index (GII)

The GII global ranking is published by World Intellectual Property Organisation (WIPO) – a specialized agency of United Nations in association with Cornell University and graduate business school INSEAD. It ranks nations based on 80 indicators, ranging from intellectual property filing rates to R&D, online creativity, mobile application creation, computer software spending, education spending, scientific & technical publications and ease of starting business.

India’s Confederation of Indian Industry (CII) is one of the knowledge partners which assists GII team in bringing out the annual ranking. GII is published annually since 2007 and is considered leading benchmarking tool for business executives, policy makers and others seeking insight into state of innovation around the world. It is being used by them to evaluate progress on continual basis.

Month: Categories: Business, Economy & BankingReports & Indices

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