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India’s rising patent application numbers are a mirage

Mint Mumbai

|

October 02, 2025

How we analyse statistics on Indian patents often fails to offer the correct perspective, which should include research quality, commercial potential, global competitiveness and other important parameters, not all of which are reflected in patent data.

- MIHIR MAHAJAN & ARINDAM GOSWAMI

Data from the Indian patent office shows that patent filings have risen in India from about 40,000 in 2013 to about 60,000 in 2023, driven mainly by Indian entities upping their contribution from 20% of the total to 60%. The Indian patent office has improved its throughput, with the average time taken to grant an approval falling from eight years in 2013 to less than one by 2023. The overall growth in patent filings was led chiefly by educational institutions, which went from 20% of all filings in 2013 to about 42% in 2023. Filings by individual inventors also show a large increase, while the share of companies dropped from 40% to under 20%.

To get a patent, an invention needs to meet the criteria of possessing novelty, having an inventive step (to exclude straightforward modifications of existing technology) and being of industrial use (having a practical application). These criteria would only be met by serious researchers solving commercially-relevant problems that require substantial spending on research and development (R&D), including capital equipment, salaries and benefits for those involved.

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Mint Mumbai

Bank-funded acquisitions won't displace private credit

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time to read

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Air India lobbies to use airspace over China's Xinjiang

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time to read

1 mins

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time to read

1 min

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Mint Mumbai

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A fresh perspective on abstraction in art

A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai

time to read

3 mins

November 20, 2025

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Govt eyes post-cut GST revenue surge

FinMin expects Nov GST receipts growth to rebound to 10%

time to read

2 mins

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PayMate pulls plug on West Asia operations

The Visa-backed B2B payments firm is scrambling to raise more funds

time to read

2 mins

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Exide's dual bet: Can lithium-ion offset a weakening core?

Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.

time to read

1 mins

November 20, 2025

Mint Mumbai

Bank-funded acquisitions won’t displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Afghanistan trade minister seeks India investments, goods

Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.

time to read

1 min

November 20, 2025

Mint Mumbai

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Fractal Analytics bets heavily on R&D in AI race before IPO

Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.

time to read

2 mins

November 20, 2025

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