Can India become the United States' technological partner in this new era of technological confrontation with China? An analysis by the Hinrich Foundation, an institution specializing in the analysis of free trade in the world and Asia, concludes that India has a great opportunity to do so. With favorable economic incentives and immense technological potential—India has the education system with the greatest focus on engineering in the world, according to the analysis—the country has already attracted giants such as Apple, Samsung, and Amazon, which have captivated their suppliers and are consolidating world-class technology product manufacturing clusters in various Indian cities, with global suppliers such as Foxconn and Wistron, and local suppliers such as Dixon and Micromax. The next step would be to attract motherboard and semiconductor manufacturers. India is also part of the Quadrilateral Security Dialogue, known as QUAD, an alliance promoted by President Biden—which also includes Japan and Australia—to contain China and reinforce the role of the US as a strategic ally in this new stage of relations between the US and China. However, Hinrich points out that in order to establish itself as a new partner in the US technology supply chain, India must undertake further reforms to facilitate business in the country, simplifying its regulatory system and improving relations between state governments and the central government.

BONUS TRACK: InMobi, a mobile contextual advertising company with operations in the US, China, South Korea, Australia, and India, is set to become the first Indian startup to launch an IPO on a US stock exchange this year. Press reports indicate that InMobi is seeking to raise between US$12 billion and US$15 billion in its IPO.