Published Paper Details:

The paper highlights the entry, existence, competition and complementarily of Intellectual Property Rights (IPRs) in India. One of the most controversial outcomes of the Uruguay Round (UR) is the Agreement on Trade Related Intellectual Property Rights (TRIPRs). IPRs along with TRIMs and services were called the new issues negotiated in the UR. Protection of Intellectual Property Rights has become a thorny issue of wide and serious debate, with the formation of the General Agreement on TRIPRs under World Trade Organisation. Indian Government wants a balanced view on IPR, adding that phenomenal technological advancement was a double edged weapon which posed serious challenges along with opportunity. IPRs agreement put numerous burdens on the developing countries-raising cost consumer products such as medicines and hindering innovation and technology upgrading. Introduction of Intellectual property rights by World Trade Organization in Indian Agriculture would bring many reforms both advantages and disadvantages. New knowledge is patented is good, but developing countries have not produced it. They have to depend on developed countries. Transfer of technology can change the developing countries economies, but developing countries also be ready to change their mindset for exporting it. With robust optimism developing countries should facilitate to modernise their "knowledge centres" to generate innovations and inventions in order to copy foreign technology. Our indigenous flora and fauna are to be protected and sustained and keep multinationals as competitive and complementary. Under IPRs regime, many products prices many rise, but state has to take firm steps to produce and keep them affordable to the poorest of the poor. Nonetheless, India has to gear up it's economy to face challenges and took it as an opportunity to make India as a developed country in 2020 through IPRs. India felt IPRs had disastrous effects especially more on two vital areas i.e., pharmaceuticals and agriculture. Both theses areas affect the well being of the people. A dangerous provision has been introduced in patent protection and this relates to changing the philosophy of the patent regime whereby products imported or locally produced, will be covered under patent protection without any discrimination.