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.
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