Impact of IPR on Indian Economy

  • Shashi Shekhar Singh Chauhan and Abhishek Kumar Singh
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  • Shashi Shekhar Singh Chauhan

    Assistant Professor at IIMT University, Meerut, India

  • Abhishek Kumar Singh

    Assistant Professor at IIMT University, Meerut, India

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Intellectual property seems to be essential to the progress of a country. In many developed nations, the strict enforcement of the IPR function has a considerable positive impact on economic growth. IP rights promote innovation, which leads to progression in the economy. Nowadays, every company exists as a result of innovation. The value of IPR legislation has been acknowledged in the current period. In today’s world, it’s not simply innovation but also brand recognition that counts. There is a lot of charm attached to the name. Intellectual property rights have a substantial influence on a country’s growth and prosperity. In the context of economic growth IP rights may have both a negative and positive impact. This paper deals with the impact of IPR on Indian economy. Further it highlights purposes, mechanisms, and economic benefits of IPR.


Research Paper


International Journal of Law Management and Humanities, Volume 6, Issue 2, Page 780 - 784


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