10,918 vs 10,340: Local patent filings beat overseas ones | India News

NEW DELHI: License of invention India’s profile applications estimated 10,918 in the December quarter, compared with 10,340 applications by foreign institutions, marking the second time in 2022 when quarterly file of domestic players is higher.
Data is available with the promotion department of industry and internal trade shows that between January and March 2022, out of 19,796 patent applications filed, 10706 were filed by Indians, compared with 9090 filed by non-Indian applicants . On Sunday, on his monthly radio show, ‘Mann ki Baat’, PM Narendra Modi mentioned this number to show how for the first time in 11 years the records of Indian players outstrip those from abroad.
However, in the current financial year, the first half (April to September) has seen a trend reversal with non-Indian patent applications beating out patent applications. of domestic entities. Thus, in the 9 months ending December 2022, out of 57,783 applications, almost 30,000 applications were from non-Indian players.
However, the trends available to date indicate that applications filed in 2022-23 will exceed last year’s 66,440 figure.
Over the past few years, the government has focused on patents and has sought to streamline the system of filing, testing, and granting patents. As a result, the number of applications increased by 39% during 2017-2019 (47,854) compared to last year (66,440). Patents granted grew at a much faster rate from 131% to 30,074 last year, compared with 13,045 in 2017-2018.


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