UNITED NATIONS, Dec 4: The number of patents granted by India shot up by 50 per cent 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 last year, the WIPO's World Intellectual Property Indicators 2018 report released in Geneva on Monday said.
Last year's number was more than double the 6,022 patents granted in 2015, according to WIPO statistics.
Of the patents granted last year, 1,712 went to entities and individuals based in India, and 10,675 to foreigners, according to the WIPO report.
The WIPO said that the steep increase in the number was driven by patents granted to foreigners, which accounted for 85 per cent of the total increase.
The number of patents given to domestic entities has also shown an increasing trend: In 2016, 1,115 went to domestic individuals or entities and 7,133 to foreigners, and in 2015, 822 were granted to applicants in India and 5,200 to foreigners, the report said. - IANS