According to report, India experienced significant growth in intellectual property filings, with patents filings doubling between 2018 and 2023. 

Other Key Findings related to India: 

• Patents: India is ranked 6th globally with 64,500 Patent Filings and country’s Patent-to-GDP ratio surged to 381 from 144 (2013 to 2023).
• Trademarks: India’s IP office is second highest globally in trademarks and now India ranks 4th globally in trademark filings.
• Industrial Design Filing: Ranked 10th globally with a 36% increase in 2023, showing significant growth in creative design.

Factors behind Surge in Patent filing:

• Government Initiatives and Policy Support: E. g. Patents (Amendment) Rules, 2024 (reduced renewal fee and filing frequency time) simplified patent process, National IPR Policy, 2016 etc.
• Timely clearance of applications:  India granted 1.03 lakh patents in financial year 2023-24. 
• Strengthened IP Infrastructure: Digitization of patent filing processes, establishment of IPR facilitation centers etc.

Challenges related to Patents in India: 

• Abolition of Intellectual Property Appellate Board:  Leading to creation of a void in handling appeals in IP cases.
• Evergreening of Patents: To extend patent period, guaranteeing monopoly over drugs.
• Other Issues : Compulsory licensing, lack of fixed timelines for each step in procedure etc.