Like a marriage made in heaven to advance humanity!
"India’s growing strategic importance as a balance to China in the Indo-Pacific region, as well as convergence between New Delhi and Washington DC about Beijing’s aggressive stance on emerging technology, have resulted in warming relations between the United States (US) and India. Indeed, in recent years, there has been a spur of cooperative agreements between the two sides on domains such as defence technology, 5G, and semiconductors. This brief highlights the evolution of this partnership in the past decade, and asks: Can the two overcome current points of friction—immigration and anti-competitive practices by US tech giants, for example—especially as the US undergoes a change in leadership? ...
India benefited, in the years prior, from the boom in outbound FDI flows from China that peaked in 2016.[6] A number of Indian unicorns and startup ecosystem mainstays (such as digital payments platform Paytm, ridesharing app Ola, and e-commerce giant Flipkart) have received investments from Chinese tech giants like Alibaba, Tencent, and Didi Chuxing.[7] It is also worth noting that India is heavily dependent on China for semiconductors, particularly digital integrated circuits (ICs) and memory. In 2021, India imported US$5.38 billion worth of semiconductors, US$4.25 billion of which was from China, representing a 160-percent growth over the previous year, and 53-percent growth for three years cumulatively.[8] ..."
Caveat: I did not read the entire issue brief.
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