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While the lack of innovation by India Inc has often drawn flak, a recent report is encouraging about patents published by the country’s corporates.
The report, prepared by Clarivate Analytics, which provides research-based products to companies in over 100 countries, shows that India witnessed the highest compounded average growth rate (CAGR) of published patents at over 23 per cent in Asia during 2013-2015.
The report, titled “India Innovation: Trends”, showed that patents published in India rose to 51,759 in 2015 from 43,077 in the previous year and 32,435 in 2013. Of the 51,759 patents filed in India in 2015, around 12,000 are
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