India aims to issue 1 Lakh patents annually in 18 months
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India aims to significantly boost its patent issuance capacity to 1 lakh per year within the next 18 months, said Sanjeev Sanyal, member of the Economic Advisory Council to the Prime Minister. This is a major leap from the 9,000 patents issued annually until 2016. At present, India grants around 35,000 patents each year, while countries like the United States and China issue 350,000 and approximately 500,000 patents annually, respectively.