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India Rises to 5th in Global GenAI Innovation Rankings 2024

India ranks 5th globally in Generative AI (GenAI) innovations, with a high annual growth rate of 56%. India holds 3% of total global GenAI patents.

Global GenAI Patent Landscape

India ranks 5th in Generative AI (GenAI) innovations globally
India surpasses UK (714 patents) and Germany (708 patents)
India holds 3% of total global GenAI patents
Highest annual growth rate in GenAI patent publications at 56%

Top 5 countries by GenAI patents:

1. China: 38,210 patents

2. United States: 6,276 patents

3. Republic of Korea: 4,155 patents

4. Japan: 3,409 patents

5. India: 1,350 patents (2014-2023)

India's GenAI Innovations and Growth

98% of India's GenAI patents filed domestically
Significant increase in GenAI patenting since 2021
Potential economic impact: $359-438 billion increase in GDP by 2030 (EY report)
Cumulative impact of $1.2-1.5 trillion over next seven years

Notable Indian patents:

- Retail AI assistant solution by RN Chidakashi Technologies (Miko Robotics)
- GenAI tool for contract lifecycle management by Tata Consultancy Services

Global Trends and Technological Advancements

Transformer models (2017) and ChatGPT (2022) accelerated GenAI patent activities
GenAI patent publications rose from 4.2% of all AI patents in 2017 to 6.1% in 2023
25% of all GenAI patents and 45% of scientific papers published in 2023 alone
OpenAI hasn't filed patents until 2023, reflecting non-profit origins
GenAI patents expected to comprise 6.1% of all AI patents by 2023

Regulatory Framework and Government Initiatives

Need for well-defined eligibility framework for AI-related inventions
WIPO data shows maturity of China's patent regime (40,000+ patents filed domestically)
Ministry of Electronics and Information Technology (MeitY) launched Global IndiaAI Summit on July 3, 2024
Summit emphasized global approach to address AI risks and fostering international collaboration
India's challenge: Creating an AI IP environment that balances innovation with legal and ethical considerations

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India Rises to 5th in Global GenAI Innovation Rankings 2024

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