India Achieves Historic Milestone in Patent Grants: 41,010 Patents in 2023-24

In a significant development, Commerce and Industry Minister Piyush Goyal announced that the Indian patent office has achieved an unprecedented milestone by granting a record-breaking 41,010 patents in the current fiscal year, up until November 15. This remarkable figure starkly contrasts with the 2013-14 fiscal year when only 4,227 patents were granted.

Piyush Goyal’s Announcement

Minister Piyush Goyal took to the social media platform X to share the news, emphasizing the historical significance of this achievement. He hailed the accomplishment as the “highest ever number of patents granted so far in 2023-24,” highlighting the remarkable progress India has made in fostering innovation.

Prime Minister Narendra Modi’s Recognition

Prime Minister Narendra Modi lauded this achievement as a “notable feat” and a crucial milestone in India’s trajectory towards becoming an innovation-driven knowledge economy. He expressed optimism about the positive impact on India’s youth, stating that they would be great beneficiaries of such advancements.

Rising Patent Applications: A Positive Sign

PM Modi recently pointed out that the surge in patent applications in India is indicative of the increasing innovative spirit among the country’s youth. He sees this trend as a positive sign for the future. According to a report by the World Intellectual Property Organization, Indian patent applications witnessed a remarkable growth of 31.6% in 2022, extending an 11-year streak of growth unparalleled by any other country among the top 10 filers.

Find More National News Here

 

 

Piyush Shukla

Recent Posts

In Which Indian State are Bhitarkanika Mangroves Located?

Bhitarkanika Mangroves are one of the most beautiful and rich natural areas in India. This…

11 mins ago

India’s Position in Global AI Investments Rank 10th Globally

India's significant strides in artificial intelligence (AI) have been highlighted by a recent United Nations…

1 hour ago

Delhi Implements Ayushman Bharat Scheme & Became 35th State

On April 5, 2025, Delhi became the 35th state or Union Territory to formally implement…

2 hours ago

Important Days in April 2025, List of National and International Events

April 2025 has many important national and international days. These days help us remember historical…

2 hours ago

Which Indian State has the Most Waqf Land?

Waqf properties in India are lands or buildings, donated by individuals for religious, educational or…

2 hours ago

West Bengal Secures GI Tags for Nolen Gurer Sandesh

West Bengal has achieved a significant milestone in preserving and promoting its cultural heritage by…

2 hours ago