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Patenting Trends among BRICS and Effect on GDP Kumar Dhiraj*, Singh Nirmal Guru Angad Dev Veterinary and Animal Sciences University, Ferozepur Road, Ludhiana-141004, Punjab, India *Corresponding author: dk1_malhotra@yahoo.com
Online published on 3 December, 2015. Abstract Patenting trends of a country indicates its technological competitiveness. The present study has been conducted with the objective to analyse the patenting trends amongst BRICS (Brazil, Russia, India, China and South Africa) characterized by rapidly growing economies and increasing international influence. Number of patent applications filed, patents earned and patent-population ratio of BRICS are among the factors assessed. An effort has been made to find correlation of patenting activities of BRICS on their Gross Domestic Product (GDP). The data related to patents and GDP of BRICS was downloaded from WIPO's website and analysed using MS-Excel and Statistical Package for Social Sciences (SPSS). A robust rise was noticed in number of patents earned and the GDP of China. India also showed a very good progress in the assessed factors. A direct relationship was observed between number of patents granted and GDP of BRICS on a whole. The study led to the conclusion that increase in patenting activities amongst BRICS play a pivotal role in the overall growth and development of these nations. Top Keywords Patents, invention, innovation, BRICS, GDP. Top | |
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