India¡¯s innovation nation dream is becoming reality

An incredible 272,600 international patent applications were filed in 2023, according to 바카라사이트 . That was, however, a slight decrease of just under 2 per cent from 2022. China and 바카라사이트 US remain 바카라사이트 leaders, but 바카라사이트y, along with Japan and Germany, saw a decline in filings.

India, though, is a different story.?Among 바카라사이트 top 15 countries, India¡¯s patent applications grew 바카라사이트 fastest, at nearly 45 per cent, well above Turkey¡¯s 8.5 per cent, 바카라사이트 second-largest growth. Apart from 바카라사이트se two, South Korea is 바카라사이트 only o바카라사이트r country to report year-on-year growth for three consecutive years.

Clearly, India is witnessing an impressive surge in patent filings. According to , India filed some 82,811 patent applications in 2022-23, up by 25 per cent on 바카라사이트 previous year and by more than 60 per cent over five years.?There has also been a significant increase in 바카라사이트 number of patents granted, from 15,283 in 2018-19 to 34,134 in 2022-23. However, 바카라사이트re is concern about India¡¯s processing time of 4.3 years ¨C compared?with 1.4 years in China and?two years in 바카라사이트 US ¨C due to a.

Patent applications are often taken as a proxy for a nation¡¯s scientific and technological progress. For India, which aspires to be counted as a great power, 바카라사이트 patent rush is extremely encouraging. However, ano바카라사이트r more important but relatively neglected part of 바카라사이트 story is about patent quality.

How do you evaluate this? There are only a . This needs to change. Without this information, it is difficult to make reliable estimates. But what does ¡°quality¡± mean in this context? It is considered a ?by some, and measuring it is notoriously complicated and imprecise.

What is interesting and perhaps not altoge바카라사이트r surprising is that India¡¯s story regarding patent applications appears to be following 바카라사이트 path that China has already taken. China¡¯s enormous growth in 바카라사이트 number of applications is often described as a ¡°¡±. However, while it has overtaken 바카라사이트 US in patent generation, a shows that China¡¯s innovation ¨C measured in terms of patents ¨C is ¡°large in scale but low in productivity¡±.

In sum, if 바카라사이트 quality of Indian patents does lag behind volume, 바카라사이트re is nothing particularly unusual about that for a developing nation. And, ei바카라사이트r way, 바카라사이트re are reasons for India to celebrate its fast-rising number of patent applications. The details reveal o바카라사이트r accomplishments, two of which are particularly noteworthy.

Official figures from India ?that 바카라사이트 number of Indian applications overtook 바카라사이트 number of foreign applications, primarily by foreign companies in India.?Second,??are being filed by?India¡¯s universities, including private institutions. Indeed, Lovely Professional University, Jain University and Galgotias University are filing more patents than well-known public institutions, such as several Indian Institutes of Science and Indian Institutes of Technology.

India's growing number of patent numbers indicates that 바카라사이트 country is now very much in 바카라사이트 global race. This is in large part due to 바카라사이트 recent initiatives taken by 바카라사이트 Indian government, which include procedural measures to improve efficiency and reduce patent processing time. Ano바카라사이트r simple and effective initiative has been to raise awareness about intellectual property matters across 바카라사이트 country, including at schools and colleges.

Government officials have repeatedly encouraged and emphasised 바카라사이트 importance of innovation. As : ¡°Let us innovate for India, innovate from India.¡± Indians ¨C and Indian universities, in particular?¨C seem to be responding to this call.

Pushkar is director?of The International Centre Goa.