Record Trademark Filings in India Reflect Economic Growth

In a remarkable development, India recorded over 5.5 lakh trademark applications in the fiscal year 2024-25, highlighting the strength of its innovation ecosystem. Commerce Minister Piyush Goyal attributed this growth to the government's commitment to fostering innovation and protecting intellectual property rights. The Trade Marks Act of 1999 has played a pivotal role in safeguarding the interests of creators and businesses, ensuring fair competition in the market. With a focus on sectors like pharmaceuticals and veterinary preparations, this surge in trademark registrations reflects India's growing prominence in the global IP landscape. Discover more about the implications of this trend and the significance of trademark protection in the full article.

By Narendra Chaudhary Dec 30, 2025, 15:44 IST

Significant Increase in Trademark Registrations

New Delhi, Dec 30: Commerce and Industry Minister Piyush Goyal announced on Tuesday that India witnessed an unprecedented surge in domestic trademark applications, exceeding 550,000 in the fiscal year 2024-25. This milestone underscores the robustness of the nation’s institutions in protecting the rights of innovators and creators, who are vital for driving economic advancement.

Referencing Prime Minister Modi’s vision of "Ideate in India, Innovate in India, Make in India & Make for the World," Goyal emphasized that the Trade Marks Act of 1999 has been instrumental in safeguarding the interests of innovators for over 26 years.

"The Modi administration's dedicated initiatives to enhance the innovation ecosystem have bolstered India's standing in the global Intellectual Property (IP) arena, fostering innovation-driven growth that benefits not only India but the entire world," he remarked.

Goyal noted that the majority of trademark registrations were concentrated in the pharmaceuticals, veterinary, and sanitary sectors.

The Trade Marks Act serves as a crucial legal framework that protects businesses' intellectual properties from infringement, enabling them to secure their brands while promoting fair market competition. This legislation has undergone multiple revisions to adapt to the evolving global business landscape and the needs of contemporary enterprises.

As companies expand internationally, the importance of trademark protection escalates, and the Act effectively addresses this need to ensure equitable protection for businesses.

A trademark is valid for a decade and can be renewed for additional ten-year periods. Applications may be denied if they are deemed descriptive, generic, or confusingly similar to existing trademarks. The Act also permits the transfer or licensing of trademarks under specific conditions and provides civil and criminal remedies, including injunctions, damages, and penalties for trademark violations.