India Ranks Fifth in Global Generative AI Innovations

July 11, 2024

New research shows that India is fifth in the world when it comes to innovations in Generative Artificial Intelligence (GenAI). India is behind China, the US, Republic of Korea, and Japan in terms of the number of GenAI patents it publishes each year. However, it stands out because of its fast yearly growth rate. India now has more rights in this area than either the UK or Germany, with 1,350 issued between 2014 and 2023. Indian companies like RN Chidakashi Technologies and Tata Consultancy Services have made important contributions to new ideas in retail AI and contract management, respectively.

Global Patent Landscape

This list is in order:

China has 38,210 patents,
the US has 6,276 patents,
the Republic of Korea has 4,155 patents,
Japan has 3,409 patents.

India is responsible for only 3% of the world’s GenAI patents, but the number of patents it publishes each year grows by an amazing 56%.

Impact of Recent Technological Advancements

When transformer models came out in 2017, they pushed the limits of GenAI technologies. New apps like ChatGPT came out in 2022, which led to even more innovation and patent action in this area. In 2017, GenAI patents made up 4.2% of all AI patents. By 2023, they would make up 6.1%. A lot of GenAI inventions were discovered in 2023, which shows that research and development are moving very quickly.

India’s Strategic Growth and Global Impact

Almost all GenAI patents (98%) were filed in India, which shows that the company is growing quickly in that country. An EY study from May says that GenAI could increase India’s GDP by $359–438 billion by 2030. This means that GenAI will have a big effect on the economy shortly. The Ministry of Electronics and Information Technology (MeitY) launched the Global IndiaAI Summit on July 3, 2024, as part of this potential. This event showed India’s strategic move toward a global, cooperative approach to managing AI risks and encouraging international cooperation.

Patent Strategy and Regulatory Framework

Even though there are a lot of new ideas, a clear set of rules is still important for AI to grow. The World Intellectual Property Organization (WIPO) has pointed out how advanced China’s patent system is. India’s task now is to create an environment for AI intellectual property that encourages innovation while balancing legal and moral concerns. India is on a good track to big economic growth and international cooperation in artificial intelligence thanks to its all-around approach to understanding and using GenAI technologies.

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