The U.S.–India Relationship Is Key to the Future of Tech
India is in a global sweet spot. It is now the world’s most populous country — home to more than 1.4 billion people—and has had robust economic growth for the past three decades, with GDP per capita having risen by 245%. And yet, it remains relatively underdeveloped on a global scale. As of 2019, more than 600 million people in India live on less than $3.65/day. Thus there remains enormous potential for economic growth, and improvements in human welfare. And as the United States’ concerns about China grow, India shines as a promising alternative in supply chains, innovation hubs, and joint-ventures. As the world’s largest democracy with an increasingly open economy and a strong technology sector, it has the potential to operate at scale.
This makes it the most important potential geo-economic partner for the United States today as it “re-globalizes” with greater concern for national security and resilience. As India considers its own leadership in the world, it must look toward becoming a stronger innovator in technology with a more comprehensive capacity to move up the value chain in software and hardware. This necessitates a much closer and deeper relationship with America, both at the governmental but also at the private-sector level.
To read the full article, please click here.