India has every chance of becoming a successful and prosperous player in the global technology industry
India is adamant about building up its technological independence, with $10 billion earmarked to develop semiconductor and display manufacturing. It’s also keen to assert its foreign-policy independence by leaning toward Moscow to the consternation of Washington. New Delhi would do well to see the connection between these two issues and consider its next course of action.
Some of the decisions made by China and India over Russia’s invasion of Ukraine have caused disappointment, Brian Deese, the director of the White House National Economic Council, said Wednesday. India has been told that the consequences of a clearer alignment with Moscow could be “significant and long-term,” he said.
India’s decision to abstain from a United Nations vote condemning Russian President Vladimir Putin’s invasion of Ukraine doesn’t sit well with the U.S. or its many allies. And while that vote was purely symbolic, so was New Delhi’s abstention. That kind of signaling is likely to be remembered not just in the White House and State Department, but among members of Congress.
There may be good reasons for siding with Moscow. India relies on Russia for weapons support at a time when it faces borders skirmishes with China and ongoing tensions with Pakistan. Its energy needs also cannot be ignored. Russia reportedly offered India a $35 per barrel discount on oil, a fabulous deal given the spike...
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