Economic Impact Of Intellectual Property Rights On India's GDP: A Sector-Wise Analysis

Intellectual Property Rights (IPR) play a crucial role in shaping economic growth by promoting innovation, encouraging investment, and strengthening industry competitiveness. This study examines the impact of IPR on India’s GDP through a sector-wise analysis, focusing on industries such as pharmaceuticals, IT, manufacturing, and agriculture. By analyzing data from 2014 to 2024, this research highlights the correlation between IPR enforcement and economic performance, considering key indicators such as patent filings, FDI inflows, sectorial GDP contributions and employment generation. The study reveals that stronger IPR protection has led to higher innovation output and FDI in technology-driven sectors, while weaker enforcement in traditional industries hampers growth potential. This paper studies the need for policy reforms to enhance IPR frameworks and maximize economic gains. The findings contribute to policymaking by suggesting strategic measures to strengthen India’s position as an innovation-driven economy.