U.S. Granted Patents: Utility Patents Originating in India
PATENT4NINUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,861.00
Year-over-Year Change
824.45%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in India' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in India. This metric is a key indicator of technological innovation and economic competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Utility patents are granted for new, useful, and non-obvious inventions. Tracking the volume of U.S. utility patents originating in India provides insights into the country's innovation capacity and its evolving role in the global technology landscape.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Policymakers and analysts use this metric to assess India's scientific and engineering capabilities, as well as its integration into international technology supply chains.
Key Facts
- India accounts for 5-10% of total U.S. utility patents granted annually.
- The number of Indian-origin U.S. utility patents has grown by over 50% in the past decade.
- Indian inventors hold patents in a wide range of high-tech sectors, including information technology, pharmaceuticals, and renewable energy.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Utility Patents Originating in India' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in India.
Q: Why is this trend relevant for users or analysts?
A: Tracking the volume of U.S. utility patents originating in India provides insights into the country's innovation capacity and its evolving role in the global technology landscape.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess India's scientific and engineering capabilities, as well as its integration into international technology supply chains.
Q: Are there update delays or limitations?
A: The data may have a several-month delay in reporting, and does not capture unpatented or unpublished innovations.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in India (PATENT4NINUTILITY), retrieved from FRED.