Intellectual Property Rights in Indian Perspective: An option for preserving the creation of minds

The exclusive rights to an inventor's or creator's valuable production are granted by the intangible intellectual property rights (IPR). In the current globalization context, intellectual property rights (IPRs) are important to international trade and livelihood. By providing creators and inventors with recognition and financial rewards, these rights foster innovation, but a lack of knowledge of IPR and its poor application may impede the country's advancements in technology, society, and the economy. Therefore, it is imperative that any country disseminate information on IPR and apply it appropriately. In the current study, many IPR terminologies—including patents, trademarks, industrial designs, geographic indications, copyright, etc.—as well as its associated laws, rules, and functions—particularly in relation to India—are highlighted. Additionally, a brief discussion has been held about the current state of India's involvement in IPR-related activities, as well as the need of corrective steps in the context of IPR.