India slipped to 40th position on the International Intellectual Property (IP) Index, which analyses the IP climate in 53 global economies, this year, according to a report of US Chamber of Commerce’s Global Innovation Policy Center. Last year India was ranked at 36th position out of 50 countries.
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Implementation of the policy has improved the speed of processing for patent and trademark applications, increased awareness of IP rights among Indian innovators and creators, the centre said in a statement.
