India’s patent office granted over one lakh patents in the last year, marking a significant increase in IP protection in the country. In 2023, a record-breaking 90,300 patent applications were received, highlighting the growing importance of patent protection in India’s technology sector. The commerce and industry ministry reported that on average, 250 patents were granted every working day. This surge in granted patents showcases India’s commitment to fostering innovation and safeguarding intellectual property rights.