Abstract
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.
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