Copyrights, trademarks, patents, etc are terms which are often non-synonymous with economic significance and put away as indifferent to the facets of micro and macro trade. It suffices to attach the notion of ‘proprietorship’ and hence the meaning of ‘intellectual property rights’ is lost. Intellectual property rights (IPRs) basically refer to industrial and copyright laws. Industrial laws can be further broken down into trademarks, patents, industrial designs and geographical indications. While copyright laws are mostly restricted to the entertainment industry, we lay specific significance to industrial laws because they bear the most relevance for the economy. CPPR Research Intern, Ayush Kukreja writes…

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