The IP innovation ecosystem in India achieved yet another milestone. During the January-March quarter of 2022, the number of domestic patent filings at the Indian patent office exceeded that of international filings for the first time in the last 11 years. A total of 19796 patent applications were filed during this period; Indian applicants filed 10706 against non-Indian applicants filed 9090.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

See Zee Business Live TV Streaming Below:

Key achievements-

 

  • Filing of patents has increased from 42763 in 2014-15 to 66440 in 2021-22, more than a 50% increase in a span of 7 years.
  • Nearly five times increase in the grant of patents in 2021-22 (30,074) as compared to 2014-15 (5978).
  • Reduction in time of patent examination from 72 months in Dec 2016 to 5-23 months at present for different technological areas.
  • India's ranking in the Global Innovation Index increased to 46th in 2021 (+35 ranks) compared to 81st in 2015-to16.

The Union Minister of Commerce and Industry, Consumer Affairs, Public Distribution and Textiles, Piyush Goyal, appreciated the consistent efforts made by DPIIT on strengthening the IPR regime in India by fostering innovation and reducing the compliance burden. The coordinated effort by DPIIT and IP office has led to increased IP awareness among all strata of society.