The number of patents granted by India shot up by.....in 2017, keeping up a trend of steep increases, according to the UNs World Intellectual Property Organisation (WIPO).

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The number of patents granted by India shot up by____in 2017, keeping up a trend of steep increases, according to the UN’s World Intellectual Property Organisation (WIPO).

A	60%
B	40%
C	50%
D	70%

Explanation:

Detailed explanation-1: -The number of patents granted by India shot up by 50% in 2017, keeping up a trend of steep increases. The patents granted by India increased from 8, 248 in 2016 to 12, 387 last year.

Detailed explanation-2: -As per the rankings in the Global Innovation Index, India has ascended its way up to hold its ranking at 35, as compared to 81st rank in 2015-16 to 46th rank in 2021.

Detailed explanation-3: -In the U.S., a patent gives the holder the right to exclude others from making, using, selling, offering to sell, and importing the patented invention. Patent claims are the legal definition of an inventor’s protectable invention.

Detailed explanation-4: -India received 61, 573 patent applications in 2021, up from 56, 771 in 2020.

Detailed explanation-5: -What Company Owns the Most Patents? Most sources agree that International Business Machines (IBM) holds the most patents.

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