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of <h1>India Sees Surge in Patents Granted; Patentees Must Submit Form 27 Under Patent Act, 1970 Annually.</h1> India has seen a steady increase in the number of patents granted over the past five years, with figures rising from 9,847 in FY 2016-17 to 28,091 up to March 15, 2022. Under the Patent Act, 1970, patentees and licensees must annually submit Form 27, detailing the extent of commercial use of their inventions in India, though not their commercial success. This information was disclosed by a government official in a written response to the Lok Sabha.
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