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 State is Kalesar National Park Located?

Kalesar National Park is a peaceful and green place filled with forests, wild animals and…

11 hours ago

Who was the First Male Doctor in India? Know the Name

India has a rich history of medicine and healing. During the British rule, becoming a…

12 hours ago

Who was the First President of India? Know the Name

India became a free and independent country in 1947, and later in 1950, it became…

13 hours ago

Rongali Bihu: Assam’s Celebration of New Beginnings and Agricultural Prosperity

Rongali Bihu, also known as Bohag Bihu, is being celebrated across Assam in mid-April 2025,…

13 hours ago

Who was the First Home Minister of India? Know About Him

After India got independence in 1947, the country needed strong leaders to help build a…

13 hours ago

YuvaSpark Founder Akarsh Shroff Conferred with National Youth Award for Transforming Early Education in India

Akarsh Shroff, the founder of YuvaSpark, was conferred the National Youth Award on April 3,…

13 hours ago