India Clocks 92K Patent Applications In FY24

New Delhi: Around 92,000 patent applications were filed in India during the last financial year, signifying India’s growing maturity as a hub for technological and scientific development, a top official said on Tuesday.

Unnat Pandit, Controller General of Patents, Designs and Trademarks (CGPDTM), also shared that the intellectual property (IP) guidelines are being revamped and inputs are being sought from various stakeholders for the new norms. “Around 92,000 patent applications have been filed in the last financial year, that means every six minutes one new technology is seeking IP protection in India,” Pandit said on the sidelines of an Assocham event here.