AI – America India: PM Modi’s Successful US Visit and America’s Need for India Now
As America’s unipolar dominance draws to an end, it is vital for multicultural, democratic India to emerge as a focus of global power.
TK Arun
TK Arun is a Senior Journalist and Columnist based in Delhi.
While Modi’s US visit was successful, America now needs India.
As America’s unipolar dominance draws to an end, it is vital for multicultural, democratic India to emerge as a focus of global power
India Needs to Focus on Chip Industry
For strategic autonomy, the country must acquire indigenous capacity in chip manufacturing.
INTEL has scaled up its 2022 plan to invest $17 billion in advanced chipmaking in Germany to a whopping $30 billion. It is also investing billions in Poland, Ireland, and France. Presumably, it will benefit from the 43-billion euros subsidy the EU has allocated, to sustain microprocessor investment in Europe, in the face of the US government’s move to offer subsidy worth $52 billion and more for advanced chipmaking facilities in the US.
India Needs to Focus on Chip Industry
For strategic autonomy, the country must acquire indigenous capacity in chip manufacturing.
The Vicious Reality of Infrastructure Development
It is not unusual for construction workers excavating sites to stumble on ruins or even dinosaur fossils in certain parts of the world. In India, excavation of construction sites is likely to throw up the bones of infrastructure companies and non-banking finance companies (NBFCs) that financed them, which were nearly driven to extinction during the pandemic.
The Positive Impact of India-US Relations Through Sirsasana
As Gujarat CM, Modi had been a vehement critic of Indo-US nuclear deal, the basis of current shared geopolitical interests between the nations.