Role of IPR (Intellectual Property Rights) in IT Firms in India: An Empirical Study of Experts opinion

Abstract

The success of Indian IT companies is significantly influenced by intellectual property rights (IPR). In recent years, the Indian IT sector has expanded quickly and has significantly boosted the economy of the nation. When seen in this light, intellectual property protection becomes crucial for IT companies to preserve their competitive edge and sustain growth. Advancements, patents, copyrights, and other types of intellectual property are all legally protected under IPR. It allows IT companies to make money off of their breakthroughs and stop unauthorized use of their ideas. For instance, copyrights and patents both protect creative works, while copyrights only protect technological inventions. IPR is essential in luring international investors into the Indian IT sector, as well. When a nation offers sufficient protection for intellectual property, investors are more willing to invest there. As a result, a strong IPR environment in India ensures that IT enterprises can get money, thereby assisting with their growth and expansion ambitions. A key element of India's IT sector is intellectual property rights. It supports businesses in preserving their discoveries, generating revenue from their intellectual property, and luring outside capital.