India among top ten nations in intellectual property filings

As per World Intellectual Property Indicators-2019 Report, India has emerged as the top tenth nation in the ranking of the total (resident and abroad) Intellectual Property (IP) filing activity.
With government push to schemes like ‘Make in India’, ‘Skill India’ and now ‘Atma-nirbhar Bharat’, IP Filing and grant activity is likely to increase.
Industry 4.0 is witnessing new inventions and breakthroughs as it faces challenges in providing the right environment to stimulate innovation, especially in Artificial Intelligence and Machine Learning.
IP-intensive industries have been identified as an important and integral part of a country’s economy and account for more jobs and a larger share of its GDP.