Explanation:

• According to the WIPO, India is the 7th largest Patent Filing Office in the World. In 2015, India registered 45,658 patents in comparison to China (1,101,864), USA (589,410), Japan (318,721), Republic of Korea (213,694), and Germany (91,726). However, India produces fewer patents per capita
• Even in development time, the story is mixed. On one hand, much of India’s low patent output could be due to its lower middle-income status. However, patents have grown much faster with income in countries like China, Korea, and Japan
• Unless there is a greater focus on R&D, rising income alone will not allow India to catch up in the near future.