India’s thriving startup ecosystem and rapid technological progress have led to a significant increase in patent filings. According to Nasscom’s latest report, around 82.8 thousand patents were filed in India during FY23, marking an impressive 24.7% year-on-year (YoY) growth. However, it’s crucial to recognize that not all filed patents are granted. Only 41.2%, approximately 34.1 thousand patents, were approved during this period.
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India’s thriving startup ecosystem and rapid technological progress have led to a significant increase in patent filings. According to Nasscom’s latest report, around 82.8 thousand