Role of IPRs in Driving the Growth of MSMEs in India

MSMEs play a vital role in India's economic growth, contributing to GDP, exports, and employment. This study examines their growth from 2014 to 2024, focusing on increasing engagement with intellectual property rights (IPR) through patents, trademarks, and copyrights. MSME contributions to GDP rose from 28% to 32%, while exports increased from 45% to 50%. Patent filings grew from 1,500 in 2014 to 7,800 in 2024, with Maharashtra leading in applications. India accounts for 15% of global MSME IPR filings, with China leading at 40%. Government support for IPR protection rose from ₹150 crore to ₹1,000 crore. IPR adoption has boosted MSME revenues and market expansion, with future projections estimating 14,000 filings by 2030.