INDIAN PATENT APPLICANTS OUTPACED FOREIGN ENTITIES IN FY24
Relevance: GS 3 – Issues relating to intellectual property rights Why in the news? In 2022, patents approved for non-resident Indians and entities accounted for 46%, one of the highest rates globally among major economies. Increased applications in chemicals, pharma, computer science, and IT sectors have driven domestic patent applications in FY24 to outpace foreign …
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