India, the world’s 4th largest economy (PPP) is riddled with dichotomies. It can be called the IT capital of the world, though 200 million people go without enough food each day. Is India using its scientific and technological prowess for national good? America has had a rich set of experiences in the areas of 'Technology Commercialization and Licensing'. We present recommendations for India’s upcoming legislative deliberations. These are based on India’s current landscape and the success factors in America’s experiences in this arena. We see the following as essential immediate impact points: Policy Harmonization; Steady Budget Increase & Enforcement Institutions.