**4. India and IP system**

India is a significant member of World Trade Organization (WTO) from 1995. It was a connection established to establish harmonization with IP standards [4]. The country signed different pacts to be included with:


The National Intellectual Property Rights Policy is established in compliance with WTO's (World Trade Organization) agreement on TRIPS (Trade Related aspects of IPRs) aims to sustain entrepreneurship and to enhance the capabilities of Make in India program.


**Patent Office**

North America

United States of America

Republic of Korea

European Patent Office

Russian Federation

Lower middleincome

**85**

**2012 2013 2014 2015 2016 2017** *Filed Granted Filed Granted Filed Granted Filed Granted Filed Granted Filed Granted*

578,100 275,000 606,400 301,700 614,300 324,400 626,400 320,600 640,300 329,500 642,000 342,900

542,815 253,155 571,612 277,835 578,802 300,678 589,410 298,407 605,571 303,049 606,956 318,829

188,915 113,467 204,589 127,330 210,292 129,786 213,694 101,873 208,830 108,875 204,775 120,662

148,560 65,665 147,987 66,696 152,662 64,608 160,028 68,431 159,358 95,956 166,585 105,645

44,211 32,880 44,914 31,638 40,308 33,950 45,517 34,706 41,587 33,536 36,883 34,254

71,600 16,600 72,500 17,000 73,100 19,100 77,100 18,700 76,900 23,300 78,900 24,500

Canada 35,242 21,819 34,741 23,833 35,481 23,749 36,964 22,201 34,745 26,424 35,022 24,099 Australia 26,358 17,724 29,717 17,112 25,956 19,304 28,605 23,098 28,394 23,744 28,906 22,742 Germany 61,340 11,332 63,167 13,858 65,965 15,030 66,893 14,795 67,899 15,652 67,712 15,653 India 43,955 4328 43,031 3377 42,854 6153 45,658 6022 45,057 8248 46,582 12,387

**Average no. of patents filing** *vs***. granting (2012–2017) (***Patent Office-wise)* **Patent Offices Filed Granted %** China 1,038,009 306,948 30 North America 617,917 315,683 51 United States of America 582,528 291,992 50 Europe 351,500 174,617 50 Japan 325,467 228,506 70 Republic of Korea 205,183 116,999 57 European Patent Office 155,863 77,834 50 Russian Federation 42,237 33,494 79 Lower middle-income 75,017 19,867 26 Canada 35,366 23,688 67 Australia 27,989 20,621 74 Germany 65,496 14,387 22 India 44,523 6753 15

**Average no. of patents filing** *vs***. granting (2012–2017) (***year-wise)* **Avg. patent 2012 2013 2014 2015 2016 2017 Filed** 237,121 255,248 264,630 282,389 301,571 305,392 **Granted** 112,536 117,465 119,918 124,839 136,268 141,922 **Percentage 47% 46% 45% 44% 45% 46%**

China 652,777 217,105 825,136 207,688 928,177 233,228 1,101,864 359,316 1,338,503 404,208 1,381,594 420,144

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

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

Europe 345,900 159,100 346,000 161,900 346,300 161,800 360,200 165,400 354,900 195,900 355,700 203,600 Japan 342,796 274,791 328,436 277,079 325,989 227,142 318,721 189,358 318,381 203,087 318,479 199,577

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].
