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22
November 2018
 |
India
the growing innovator (The Total
Investment & Insurance Solutions)
With patent publication nearly doubling in a
decade, India is now the second-fastest growing innovator after China among
major Asian countries, a new report said on Thursday.
India
is fourth among the major Asian countries in terms of overall patent
publication volume, and second in terms of growth rate, said the "India
Innovation Report" by Philadelphiaheadquartered Clarivate Analytics.
Patent
activity in India is growing at a compounded annual growth rate (CAGR) of 10.8
per cent in patenting activity over the past five years, second only to China
which is growing at a CAGR of 15.5 per cent, among the top Asian countries, the
research showed.
"The sustained growth rate of innovation
in India, as represented in patents published, is promising," Arvind
Pachhapur, Vice President, Clarivate Analytics, said in a statement.
"In the past two years, the most
significant growth stems from India's top four technology categories,
computing, polymers and plastics, communications, and pharmaceuticals,
demonstrating an increase in convergence of technologies with computing and
communications at the core of several industries," Pachhapur said.
The analysis is based on patent data from
Derwent Innovation, a patent research application that provides access to
patent intelligence and scientific literatures.
The top patent filing organisations in the
country are an equal mix of resident (Indian origin) and non-resident
companies.
Some of the noteworthy resident organizations
are Council for Scientific & Industrial Research (CSIR), Tata Consultancy
Services (TCS NSE 0.03 % ), Reliance Industries NSE -0.90 % Limited (RIL),
Cadila Healthcare and Hindustan Aeronautics Limited (HAL), the report said.
A few
of the top non-resident patent filing organisations include Samsung, Huawei,
General Electric and Ericsson, it added.
The Total Investment & Insurance Solutions
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