India witnessed a significant increase in patent filings in FY22 with a 13.6 per cent growth rate (year-on-year), the highest annual increase in the last decade. Out of the 584,000 patents filed in India between FY2010 and FY2022, 266,000 were from the technology domain, and 160,000 of these technology patents were from emerging technologies like AI, IoT, big data, cybersecurity and Blockchain. AI and IoT for various applications such as building automation, smart wearables, neural networks and connected healthcare accounted for more than 50 per cent of the patents filed across emerging technologies. In addition, Pattern Analysis and Image Analysis emerged as another important area, accounting for 28 per cent of all patents filed. The number of patents related to Blockchain witnessed a CAGR of over 25 per cent, over the same period.
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