India has rapidly climbed in the Global Innovation Index—from 81st place in 2015 to 40th in 2023—solidifying its leadership in Central & Southern Asia. As a hub of innovation and technology, India is not just keeping up but setting new standards.
Join us as we explore what’s fueling India’s innovation boom in 2023. From ground-breaking inventions to strategic intellectual property moves, discover which visionary leaders are propelling India’s surge in innovation.
The Information Technology and Services sector, along with the Automotive and Electric Mobility sector, are the leading industries among the listed companies. This highlights a significant emphasis on IT services, software development, digital solutions, and automotive technology in India’s innovation landscape.
Since 1999, the designer Sabyasachi has sold designer merchandise using the label Sabyasachi. In 2021, Sabyasachi Calcutta LLP, a subsidiary of Aditya Birla Fashion & Retail Ltd., was incorporated. Since its incorporation in 2021, Sabyasachi has focused on design patents, particularly for women’s garments, for clear reasons. They began filing patents in the same year they were incorporated and have impressively filed 1,137 patents in 2023 alone.
Tata Group’s Dominance: Multiple companies from the Tata Group, such as TCS, Tata Steel, Tata Motors, and Titan, are listed, showcasing the group’s extensive investment in innovation across diverse industries.
Startups and New Entrants: Emerging companies and new entrants like Bluest Mettle Solutions and Euphoric Innovations highlight the dynamic nature of India’s startup ecosystem, contributing fresh ideas and innovations.
Top Corporate R&D Spenders:
According to WIPO’s Global Innovation Index 2023, among the middle-income economies, Indian companies leads in R&D investment with its 22 companies recording a total of €4.7 billion ($5.17 billion USD) in 2022. Despite a slight reduction in the number of Indian companies – from 25 in 2021, the overall R&D investment grew by 8.1%, highlighting a growing focus on R&D among leading Indian firms.
The top 3 companies of India spending the most in R&D are: Tata Motors, Sun Pharmaceutical Industries & Dr Reddy’s Laboratories, collectively spending $937.25 million USD.
Did you know that Chitkara University is the largest patent filer in 2023 in the academic sector, surpassing even IITs! R&D firms such as CSIR and DRDO have also made significant contributions, filing 892 and 354 patents respectively.
Here is a list of 25 universities and colleges that have filed patents in India for the year 2023:
| Rank | Academia | Patent Count |
| 1 | Chitkara University | 2827 |
| 2 | LPU | 1466 |
| 3 | IIT Madras | 583 |
| 4 | Jain University | 463 |
| 5 | Manipal University | 431 |
| 6 | IIT Bombay | 419 |
| 7 | Chandigarh University | 361 |
| 8 | Reva University | 349 |
| 9 | Shoolini University | 331 |
| 10 | Banasthali Vidyapith | 330 |
| 11 | Graphic Era University | 307 |
| 12 | Sanskriti University | 307 |
| 13 | Amity Univesity | 304 |
| 14 | Uttaranchal University | 303 |
| 15 | IIT Delhi | 302 |
| 16 | IISc | 280 |
| 17 | IIT Kanpur | 272 |
| 18 | Galgotias University | 269 |
| 19 | VIT University, Andhra Pradesh | 241 |
| 20 | SIMATS | 232 |
| 21 | SRM University | 232 |
| 22 | Kalasalingam Academy Of Res & Education | 217 |
| 23 | IIT Roorkee | 208 |
| 24 | Sharda University | 190 |
| 25 | Shri Ramdeobaba College Of Eng & Management | 184 |