Protection of Traditional Knowledge under the Intellectual Property Rights Regime with Special Reference to India

To achieve its goal of becoming a major player on the international stage in the twenty-first century, India will need to adopt a strategy that is both fair and welcoming. The marginalized and vulnerable tribal populations, which make up around 10% of the enormous population and play an important role in this regard, number perhaps over 100,000. Their ancestors' wisdom can be researched and utilized to instill a sense of ethics in a variety of fields of study. This will most surely create the much-needed equilibrium in the pursuit of fulfilling the Sustainable Development Goals set by the United Nations. In a world where natural resources are being depleted at an alarming rate, the promotion of traditional knowledge (TK) could become an initiative for the regeneration of natural resource stocks in post-COVID-19 scenarios. In addition to restoring the rights of these indigenous tribes, taking this step would also make it easier for the country to reap the economic benefits of intellectual property by incorporating traditional knowledge into the legal framework governing intellectual property. If India were to take the lead in this initiative, it would be a stroke of genius. In this regard, substantial developments have already taken place in the Global North, and this would bring that region into a state of equilibrium with the rest of the world.