India slips to 40th position on International IP Index

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.