On May 11, 2013, Indian President Pranab Mukherhee said “The future prosperity of India in the new knowledge economy will increasingly depend on its ability to generate new ideas, processes and solutions.” He was right not just about India, but indeed about the whole world; we need strong incentives to innovate, invent, and create - and that must include meaningful legal protections for the products of invention and creation. Unfortunately, despite the rhetoric, India has been moving sharply against protecting intellectual property rights, with serious repercussions for companies that want to invest in India and by implication for global innovation and economic growth.In a recent study by the U.S. Chamber of Commerce, India (not China, whose intellectual property practices have received far more scrutiny from American politicians and the media) ranked dead last in patent protection and treaty participation, as well as second-to-last in copyright protection - behind China and ahead of only Russia.