Intellectual Property Rights and Today’s Youth: A Boost to Indian Economy and Development

Intellectual Property Rights (IPRs) are a big part of the question 'how to secure so much innovation around us?’ With budding technology ideas, disruptive entrepreneurs, Intellectual Property Rights becomes a crucial factor in the Indian startup ecosystem's success. Intellectual property rights (IPR) are fundamentally intangible and grant exclusive rights to an inventor or developer for their valued inventions. The process of invention or development.In the global context, intellectual property rights (IPR) are the focus point.Such rights enhance the innovative environment by providing acknowledgment and financial advantages to the inventor or innovator, but a lack of understanding of IPR and its inadequate enforcement may hinder the country's economic, technological, and sociological progress. As a result, the biggest demand for any country is the dissemination of IPR information and its appropriate execution.Intellectual property rights are critical for society's long-term progress in an experience and understanding economy. Because it is practically difficult to build a creative environment without distributing IPR understanding and application, IP is a basic requirement for being a member of local as well as worldwide fair exchange. Hence the present paper discusses how the young generation can use IP as a catalyst to develop the economic condition and lift the country to a developmental stage.