Impact of startup ecosystem: The startup ecosystem in India has grown rapidly in the last few years. Due to this, the country's influence in global innovation and intellectual property is increasing rapidly. In the report of the World Intellectual Property Organization (WIPO) and World Intellectual Property Indicators (WIPI) 2024, the country's performance has been quite good in the major intellectual property categories - patents, trademarks, and industrial designs.

India has made strong progress in global patent applications and ranked 6th in the 2024 World Intellectual Property Indicators Report, having filed 64,480 patents in 2023. This is a growth of 15.7 percent year-on-year. India is followed by China, the US, Japan, and South Korea in patent applications.

The World Intellectual Property Organization report said that India's influence has also increased in trademark and industrial design applications. India's ranking in trademark filing was fourth in 2023.

At the same time, industrial design applications have seen a massive increase of 36.4 percent in 2023, indicating an increasing emphasis on creativity and design innovation across various industries. This surge reflects the country's shift towards not only manufacturing but also product development.

Continuous efforts are also being made by the government to increase intellectual property in India. The National Intellectual Property Rights (NIPR) was launched by the central government in 2016. The aim of this policy was to increase awareness among people about intellectual property, strengthen the ecosystem, and promote innovation by providing better access to intellectual property services. The main feature of this policy was to modernize and digitize the offices related to intellectual property.

During this period, India's ranking in the Global Innovation Index (GII) has also increased rapidly. India's ranking in the Global Innovation Index 2024 is 39th, which was 81st in 2015. The reason for this is the rapid growth of the startup ecosystem in the country.

India's good performance in the WIPO report and GII ranking in 2024 shows that innovation is growing rapidly in the country, which will also help in India's economic growth in the future.