**5. Impact of IP and economic growth of country**

Every year, WIPO IP Statistics Data Center publishes the statistics of IPs on varied grounds that project the innovation index of countries on varied basis. The key indicators for the assessment include:


### **6. Research method**

In this study, the analysis of patents' productivity was carried out using data from WIPO. The Total Patents Filed (*direct and PCT entries*) and Total Patent Grant (*direct and PCT entries*) were taken and analyzed for the year 2012–2017.


#### *Patents as a Yardstick for Economic Growth: Case of Indian R&D System DOI: http://dx.doi.org/10.5772/intechopen.92605*



1947 Patent and Designs Act, 1911

1998 India—Paris Convention (PCT)

1995 Indian—WTO pact

 Patent Amendment Act Patent Amendment Act India—Madrid Protocol Indian IPR Policy

This activity aims at establishing a fact that IP is an asset and it promotes innovation and encourages entrepreneurship across the society. This organization also aims to ensure proper review, awareness, and enforcement of IP Laws [6].

Every year, WIPO IP Statistics Data Center publishes the statistics of IPs on varied grounds that project the innovation index of countries on varied basis. The

**5. Impact of IP and economic growth of country**

b. Applications by residents and non-residents

f. Patent—applications for the top 20 offices

h. Utility model—applications for the top 10 offices

g. Patent—Applications by filing route: direct and PCT system

i. Trademark—application class counts for the top 20 offices

j. Trademark—application class counts by filing route: direct and Madrid

l. Industrial design—application design counts by filing route: direct and Hague

In this study, the analysis of patents' productivity was carried out using data from WIPO. The Total Patents Filed (*direct and PCT entries*) and Total Patent Grant

(*direct and PCT entries*) were taken and analyzed for the year 2012–2017.

k. Industrial design—application design counts for the top 20 offices

key indicators for the assessment include:

a. Total applications

*Intellectual Property Rights - Patent*

e. IP rights in force

System

System

**84**

**6. Research method**

c. Applications by regions

d. Applications by income groups

The above **Figures 2** and **3** clearly depict the state of countries with reference to filing and granting of patents. Considering the state of filing, China was the leading country among all, whereas North America, United States of America, and Europe were lagging behind. On the other hand, the patent granted state projects a similar picture, where China was again leading in patent granted. This figure shows that approximately 46% of the patent filed were granted. On analyzing the average no. of patents filing *vs*. granting (2012–2017), it was found that Russia was leading with 79% patent granted, whereas India was far behind with only 15% granted patents. It clearly shows the state of innovations and its commercialization (**Figure 4**).

**7. Conclusions**

*No. of patents granted (2012–2017).*

**Figure 4.**

**Acknowledgements**

**Conflict of interest**

**87**

There is no conflict of interest.

IPR is an important issue which raises a picture of innovation index and potential for commercialization of novel items. WIPO is an establishment that provides an edge to this regulatory system of innovation and legality. WIPO generates information regarding different kinds of IPR and their data with reference to fining and granting. This brief study provides an insight to the current state of patents (filed and granted) and their implication on globalization. In public, especially the innovators, the knowledge of IPR should be provided which would act as an act of mentoring them. It would provide the scope for protection of IPR and thus will create an avenue for protection of IPR and commercialization. This way, such

The author would like to acknowledge entire fraternity of the Amity University Uttar Pradesh, Lucknow Campus, who provided an opportunity to teach and learn.

activities would lead the country's economy with a fast pace.

*Patents as a Yardstick for Economic Growth: Case of Indian R&D System*

*DOI: http://dx.doi.org/10.5772/intechopen.92605*

**Figure 2.** *Patenting process.*

**Figure 3.** *No. of patents filed (2012–2017).*

*Patents as a Yardstick for Economic Growth: Case of Indian R&D System DOI: http://dx.doi.org/10.5772/intechopen.92605*

**Figure 4.** *No. of patents granted (2012–2017).*
