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In the current scenario of the global economy and race for the next Asian super power, overall economic strength of the two countries, India and China, is a most debated topic. The future role of intellectual property protection especially in the form of patent system and the growth of industrialization for these two developing economies in ASIA may prove to be crucial over all other assets. In the current development scene of the changing global market supported by intangible asset of inventions protected mainly through the patents is emerging to play an important role. This paper elaborates the statistical research on patents granted/filed in the US Patent and Trade Mark office (US-PTO), PCT of WIPO and in the home countries over last 35 years of aforesaid two Asian countries. It is found that the economic and technological growth of both of the countries may make main difference primarily based on the level of patenting activity by them.