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Thursday, December 19, 2024 | 11:51 PM ISTEN Hindi

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Algo rhythm: India's global patent share now higher than UK, shows data

Patent applications rose 1.9 per cent, from around 52,000 on average annually in the three years leading up to the pandemic to 53,000 in the two years since

TCS, Wipro seek more patents as IT firms ups R&D spend
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Samreen Wani
The pandemic years have seen an uptick in patents granted in India. The government granted about 18,000 patents a year on average in the three years ended fiscal year 2019-20 (FY20), leading up to the period the pandemic took hold in India. This rose over 41 per cent to 25,000 in FY21 and FY22, data from the annual report of the department for promotion of industry and internal trade (DPIIT) shows.
 
Patent applications rose 1.9 per cent, from around 52,000 on average annually in the three years leading up to the pandemic to 53,000 in the two years since.

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