A review of trends in IPR in 2021-22

Abstract: Intellectual property is the basis of the contemporary information economy. It promotes the software, life sciences, and computer industries, and covers most other products we consume. Opinions regarding the consolidating of IPR systems in developing countries demanded under the TRIPS agreement of the WTO vary remarkably across individuals and nations. In the era of globalization, almost everyone is a user and a potential creator of intellectual property and therefore its protection, which is called intellectual property rights, should be of significance to policymakers. Many explanations have been given as to how global integration should affect the distribution of income. For example, the neoclassical growth theory and the neoliberal paradigm, which dominated public policy on issues of national development in the 1990s, suggest that integration in to the world economy through trade and FDI should lead to reduction in the distribution of income across nations (Heshmati, 2005; Wade, 2001). However, Tsai (1995) suggested that the typical positive finding between FDI and income inequality might be due to most of the studies not controlling for regional differences. To assess Tsai’s (1995) assertion that the positive correlation between FDI and income inequality may have emerged spuriously. In 2021-22, overall filing of applications for various IPRs (568049) has been higher as compared to the previous year (528471), exhibiting an overall increase of 7.5%. The increasing trend in filing of applications for patents, designs, trademarks, copyright and geographical indications has been observed during this year as compared to last year. The objective of the study was to review trends in last 5 years (2017-18 to 2021-22) of IP applications. Secondary data was collected from books and research publications. Research paper will be useful to research scholars, industry and educational institution to study data of Intellectual Property