The Indian patent workplace has granted the “highest” variety of 41,010 patents until November 15 this fiscal 12 months, Commerce and Business Minister Piyush Goyal has mentioned.
In 2013-14 fiscal 12 months, 4,227 patents had been granted.
“It’s a record. Highest ever number of patents granted so far in 2023-24,” he mentioned in a submit on social media platform X.
On this, Prime Minister Narendra Modi mentioned it is a “notable feat” and it marks a milestone in India’s journey in direction of an innovation-driven information financial system.
“India’s youth will be great beneficiaries of such strides,” he mentioned.
The prime minister lately acknowledged that the rise in patent functions in India demonstrates the rising revolutionary zeal of its youth and is a really constructive signal for the occasions to return.
In accordance with a World Mental Property Group report, patent functions by Indians grew 31.6 per cent in 2022, extending an 11-year run of progress unmatched by every other nation among the many prime 10 filers.