Number of Patents Granted By India Shot Up By 50% In 2017: UN

The number of patents granted by India shot up by 50% in 2017, keeping up a trend of steep increases, according to the UN’s World Intellectual Property Organisation (WIPO).

The patents granted by India increased from 8,248 in 2016 to 12,387 in 2017, the WIPO’s World Intellectual Property Indicators 2018 report released in Geneva showed. Globally, 1.4 million patents were granted in 2017, the report estimated.

Source: The Economic Times

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