China and India are emerging as powerhouses of innovation and creativity. “In 2005, the number of patent filings in China outnumbered those in the US,” said Partha Iyengar, vice-president and distinguished analyst at Gartner.
“Slightly less than one-tenth of world intellectual property organisation international patents were attributed to emerging markets. If the growth rates remain constant, the emerging market share could reach almost one-fifth in 2012.”
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