India, Aug. 13 -- In 2023, 3.55 million patent applications were filed worldwide. In India, 90,298 applications were recorded that year, marking an increase of 17.2% from 2022 and 25.2% from 2021. Over 50% of these applications originated from Indian residents, highlighting growing domestic innovation. Despite these year-on-year improvements, however, India continues to lag behind countries like China, the US, and Japan both in terms of absolute numbers, and applications filed and granted that are domestic in origin. This brief examines the patent-related challenges in India, administrative inefficiencies, weaknesses in the domestic innovation ecosystem, the current status of patent filing in the country, capacities in patent boosting and...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.