2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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13.6%
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13.5%
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13.4%
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13.2%
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Detailed explanation-1: -Patent applications grow 13.6% in FY22, highest in a decade: Nasscom report. According to a report by Nasscom, India has an enormous rise in patent filings in FY2022, with a year-on-year increase of 13.6%-the largest yearly increase in the recent decade.
Detailed explanation-2: -India received 61, 573 patent applications in 2021, up from 56, 771 in 2020. Almost 43% of the Indian patent applications were local, and filed by resident applicants.
Detailed explanation-3: -Global IP filing activity in 2021 Patent filings around the world exceeded 3.4 million, trademark filing activity totaled 18.1 million and industrial design filing activity amounted to 1.5 million. Applications for utility models – a special form of patent right – dropped by 2.5% to 2.9 million applications.