Intellectual Property Rights in India: Significance of Patents

Y, Srinivasa Rao Intellectual Property Rights in India: Significance of Patents., 2014 . In National Conference on Scholarly Communication and Intellectual Property Rights , at School of Planning and Architecture, Vijayawada, August 04-05, 2015. [Conference paper]

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English abstract

This paper highlights an overview of Intellectual Property Rights (IPRs) in India and their trends. Importantly, patents have played a key role in changing national and global innovation landscape.The IPR trends during 2003-13, the approved rate of designs (87.38%) and trademarks registrations (65.54%) were significantly higher than the granted patents (22.06%) in India. Though, the patents (63.26%) have generated huge revenues than the designs, trademarks and GIs over last decade.Total number of patent grantsoverthe last 10 years was 69,745 out of which 21.71% were granted to Indians and 78.29% wereto foreign applicants. Maharashtra, Delhi and Southern states are leading in filing patents. Streams like chemical and mechanical engineering have produced highest number of patents whereas bio-technology and foods field were at the low preference. This paper also deals with the patent grants in Asian countries.On an average, the percentage of patent grants in Japan, Korea and Taiwan was 43.08, 43.95 and 45.88 respectively. China has shown massive interest in patent filing in recent years and the overall percentage of patent grantsover last dozen years was 32.99%. When compared withAsian countries, India was least innovative nation among them in terms of patent filing witha granting percentage of23.07. It indicates, India is conscious about its IPR polices with higher rejection of filed patents. It has also shown considerable increase in its research and innovation capabilities. Over the last 10 years, India managed to produce 2.84 lac research publications. In the 2012, India ranked 9th in scientific publications at a global share of 3.5%. Inthe global innovation index over the last 5 years,on an average,Indian inputsub-index ranking was 74.6% and output subindex ranking was 45.8%.Besides, India was often ranked at No. 01in the region of Central and Southern Asia for the last 5 years. India has been consistently ranked in the top ten when it compared to lower-middle-income (LMI) economies worldwide. However, IPR culture in India is anything but satisfactory. It demands effective strategies for encouraging and building IPR activities and explore scientific and industrial research and innovationin India.

Item type: Conference paper
Keywords: Intellectual Property Rights; Patents; Indian Patent Office; Copyright; Global Innovation Index
Subjects: E. Publishing and legal issues. > ED. Intellectual property: author's rights, ownership, copyright, copyleft, open access.
Depositing user: Y Srinivasa Rao
Date deposited: 22 Apr 2015 11:03
Last modified: 22 Apr 2015 11:03
URI: http://hdl.handle.net/10760/24966

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