Indian patent filings grow despite pandemic

MUMBAI: India’s scorecard showed a decent improvement in intellectual property (IP) filings with higher applications in patents (nearly 6%) and trademarks (over 15%), driven by those filed in the pharmaceuticals sector in 2020.

Globally, IP filings — including patents, trademarks and designs — rebounded in 2020, indicating the resilience of human innovation despite dire global and economic turmoil during the Covid pandemic, latest data from World Intellectual Property Organization (WIPO) showed.

In contrast, during the global financial crisis of 2008-2009, both patent and trademark filing activity had contracted sharply.

Globally, trademark filing activity rose by 13.7%, patents 1.6% and designs by 2%, according to the World Intellectual Property Indicators report, which compiled new data from 150 national and regional authorities.

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