![Tech patents: Indians outpace MNCs in filings in India](https://images.assettype.com/fortuneindia%2F2022-08%2F75e20209-44e5-4c20-86dc-30de66563806%2FGettyImages_1192623857.jpg?w=300&q=95)
Tech patents: Indians outpace MNCs in filings in India
Of the 83,000 patents filed in FY23, 52.3% were filed by residents primarily led by educational institutions and individual patent filers, whereas 47.7% were filed by non-residents.
Of the 83,000 patents filed in FY23, 52.3% were filed by residents primarily led by educational institutions and individual patent filers, whereas 47.7% were filed by non-residents.
India needs a new regime to stem the outflow of $8.6 billion a year for using intellectual property of foreign entities. Here's the road ahead.