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Covid failed to blunt investments in IPR

Mint Mumbai

|

August 15, 2023

India’s overall investment in fixed assets, meanwhile, saw a decline, indicating a heightened focus on innovation within boardrooms

- Gireesh Chandra Prasad

Covid failed to blunt investments in IPR

Investments into the creation of intellectual property rights (IPR) have remained steady during the covid pandemic, when India’s overall investment in fixed assets saw a decline, indicating a heightened focus on innovation within boardrooms, official data showed.

Data up to FY22 from the statistics ministry showed that while fixed investments or gross fixed capital formation (GFCF) contracted 7.3% in FY21 due to the economic impact of the nationwide lockdown to contain the spread of covid-19, investments into intellectual property products, a component of GFCF, remained in positive territory.

Graphic: Mint

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