A STUDY ON INTELLECTUAL PROPERTY RIGHTS AND ITS SIGNIFICANCE

FOR BUSINESS

All nations may realize intellectual property's potential as a driver of economic progress and social and cultural

well-being with the aid of an effective and equitable intellectual property system. This study carried out completely

based on secondary data and focuses not only on the overview of IPR and its origin but also takes a deep look into

the various types of Intellectual Property Rights and its significance in the context of business. To analyze IP

contribution towards Indian economy data was collected from WIPO statistics database which was last updated in

2021. Intellectual property protection is the primary engine of economic growth and development in the high

technology sector. They support societal progress, economic expansion, and technological improvement.