Revealing significant growth in patent, trademark, and industrial design applications across top economies, the World Intellectual Property Organization (WIPO) in its latest report ‘the World Intellectual Property Indicators (WIPI) 2024’ has said that India has secured a spot in the global top 10 for all three major intellectual property (IP) rights - patents, trademarks, and industrial designs.
The report also stated that India continues to solidify its place as a global leader in the intellectual property landscape by showing substantial progress and marking new milestones in IP activity. India recorded the fastest growth in patent (+15.7%) applications in 2023 among the top 20 origins, marking the fifth consecutive year of double-digit growth.
Further, India ranks sixth globally for patents with 64,480 applications, with resident filings accounting for over half of all submissions (55.2%) - a first for the country. The patent office also granted 149.4% more patents in 2023 compared to the previous year, underlining the country’s fast-evolving IP ecosystem. The report indicates a steady rise (36.4%) in India’s industrial design applications, which aligns with increasing emphasis on product design, manufacturing, and creative industries within India.
As per the report, India ranked fourth globally in trademark filings, with a 6.1% increase in 2023. Nearly 90% of these filings were by residents, with key sectors including Health (21.9%), Agriculture (15.3%), and Clothing (12.8%) leading the way. India’s trademark office holds the second-largest number of active registrations worldwide, with over 3.2 million trademarks in force, reflecting the country’s strong position in global brand protection.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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