The present work provides an empirical analysis of the extent to which stronger intellectual property rights (IPRs) influence economic growth of our country. Instruments of IPR are considered to achieve social, economical and technological advancement of country in all aspects. Intellectual Property Rights are patents, copyrights, trademarks, geographical indicators, protection of undisclosed information, layout designs of integrated circuits, industrial designs and traditional knowledge that are recognized by the Trade Related Intellectual Property Rights agreement (TRIPS) and governed by the WTO (World Trading Organization). Where the economy of country can be accessed through EAGLEs economic concept and the law develop by Zipf’s and Gibrat’s. India signed General Agreement on Tariffs and Trade (GATT) in 1994 agreeing to implement IPR in all fields of technology. Results indicate that patent protection enhances innovation and ultimately economic growth of India and led to conduct innovative programmes.
Loading....