Article

Why India Should Think Twice Over the Haste for Patents: A Glimpse at the WIPO Report 2024

November 14, 2024 6 min read
author Anamika Mishra, Sub Editor
news
India has made tremendous strides over the last decade in the area of intellectual property. Patents, trademarks, and industrial designs have taken it up the charts and emerged among the world's top 10 countries. It is interesting to note that an impressive growth in these sectors by India finds mention in WIPO's report 2024, indicating the development of the innovation ecosystem of the country as the filings in all types of IP domains appear to be gaining pace. While this is commendable progress, there are some strong reasons for individuals, businesses, and even governments to do rethink before rushing into patenting each new invention or idea. This paper covers why, although crucial to India, patents may not always be the best answer at least in some contexts. India's Surge on the Global IP Scene WIPO has documented India's expansion features in the global IP landscape up to 2024. The patentswise, India

The only supply chain registration you need

Unrivaled context behind every news and article for free.

Register
logo

Subscribe to Our Newsletter

The week’s best stories, handpicked by JOSC editors in your inbox every week.

Stay informed with exclusive content