The Wall Street JournalThe Wall Street Journal

The U.S. and Modi rewire Indian defense and tech

By Jacky Wong

26 Jun 2023 · 2 min read

informed Summary

  1. India has secured investment from American semiconductor companies, with Micron investing $825 million in its first Indian assembly and test plant, and Applied Materials spending $400 million for a new engineering center.

Being “not China” has helped draw companies to India. Generous subsidies are another pull—as was the endorsement from Uncle Sam last week.

But India still needs to convincingly address the structural issues that have been holding it back for so long: including creaky infrastructure, red tape and low labor-force participation, especially for women.

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