Abstract

The twenty-first century will be known as the century of knowledge and intelligence. The ability of a country to innovate and convert knowledge into wealth and social good determines its future. As a result, innovations are crucial to the generation and application of knowledge. Intellectual property is the quality inherent in ideas or their manifestation. It is an innovation that protects the rights of individuals and businesses who have converted their ideas into material assets by awarding those properties' owners certain rights. The four categories of intellectual property are secrets of commerce, intellectual property rights, copyrights for literary works, and patents for inventions. The researcher will address the following subjects in the study because India's advancements in intellectual property have consistently sparked lively debate and drawn interest from around the world. In addition to fulfilling its obligations under the World Trade Organization's Convention on TRIPs Rights, India has recently made great progress toward developing its own trademark law, which seeks to find an acceptable compromise within the compromise between monopolistic rights and unfettered access to information. That being said, it would be incorrect to say that there aren't any parliamentary changes in the field of intellectual property, even though no new laws have been established in the last year.

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