A Study on Navigating the Current Trends, Challenges, And The Evolving Landscape Of Trade Secret Protection In India

Abstract

In the contemporary innovation centric economy, trade secrets proprietary information that confers a competitive advantage are increasingly considered valuable assets. This paper examines the complex issues and contemporary developments related to trade secret protection in India. It carefully looks at the existing laws, showing how they rely on common law principles, contracts, and conflicting rules in various laws, while also pointing out the lack of a single, clear law. This paper emphasizes recent judicial rulings and the urgent requirement for legislative reform to tackle the escalating issues of trade secret misappropriation in the digital era. This article proposes enhancements to India's trade secret framework by adopting best practices from countries with strong trade secret laws to promote innovation and equitable competition.