The Indian government continues to support innovation and the streamlining of the existing patent regulations. In October 2022 Minister of Commerce and Industry Piyush Goyal stressed the need to simplify the patent law, hire more comptrollers, discourage repeated adjournment requests and make better use of digital technology in the process...
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The Indian government continues to support innovation and the streamlining of the existing patent regulations. In October 2022 Minister of Commerce and Industry Piyush Goyal stressed the need to simplify the patent law, hire more comptrollers, discourage repeated adjournment requests and make better use of digital technology in the process of applying for, filing and granting patents. He also urged IP professionals to make sure that deserving applicants obtain patent protection. In March 2023 the minister indicated that the government is looking to amend the patent laws to further foster innovation and research and development (R&D) initiatives. For now, India continues its rise in the Global Innovation Index: in 2022 it climbed to 40th place, six spots up from the previous year. Meanwhile, patent filing and patent grant rates have continued to increase over the past five years. Additionally, according to Prime Minister Narendra Modi, the first quarter of 2022 was the first time in over a decade that domestic patent filings had exceeded overseas ones.
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