As India cements its position as one the world’s top innovators, the problem of inaccurate reports relating to IP needs to be addressed, warns Goutam Bhattacharyya of K&S Partners.
In recent years, the significance of intellectual property (IP) laws has evolved in tandem with global innovation, trade and economic growth. In 2023, India became the seventh-largest patent filer in the world, with more than 60,000 patent applications filed domestically. Additionally, in 2024, India ranked in the top 40 for the first time in the World Intellectual Property Organization’s (WIPO) Global Innovation Index.
As India’s IP contribution makes progress in the international IP landscape, it becomes essential to disseminate accurate and relevant information about the various changes taking place in and around the IP landscape. Misinterpretation or misinformation in doing so can have far-reaching implications as it affects the country’s IP system, business decisions, international relations and overall public trust.