YourStory – Indian businesses need to focus on innovation management through IP
In India, patent filings and grants both seem to be dominated by foreign applicants. The statistics, as per the Indian Patent Office, suggest that in 2018-19, MNCs filed two-thirds (67 percent) of patent applications, and received four-fifths (80 percent) of grants. Such numbers clearly suggest the reliance of Indian businesses on MNCs.
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