Why is it in the news
-
As per a National Association of Software and Services Companies report, the share of technology patents has consistently increased to 64.8% in 2017-18 from 51% in 2015.
-
India-domiciled companies filed over 4,600 patents in the U.S. between 2015 and 2018.
-
The majority of the patents were from the technology domain.
-
Aartificial intelligence (AI) is the fastest growing area followed by Internet of Things (IoT).
More in the news
-
The portion of emerging technologies has increased consistently to 56.3% in 2017-18 from 38.3% in 2015.
-
However, the share of computer and communication technology patents witnessed a decline.
-
Between 2015 and 2018, start-ups in the country have filed around 200 patents in the U.S.
-
The study also highlights the patent growth story in newer application areas including digital payments (31), e-commerce (87) and navigation (58).
Source
The Hindu.