> This basically says that if you aren't in the Indian market or aren't offering your product for a price that India agrees with, your IP protection is meaningless.

That seems reasonable. Why should we expect India to grant privileges to a company that wants nothing to do with India? They are giving India no reason to give a shit.

If Bayer has an issue with Indian generics getting into countries that it does have an interest in doing business in, then Bayer can appeal to those countries to block the import of those generics.