US treasury secretary Janet Yellen (second from right) interacts with technology leaders from India and the United States in Bengaluru on February 25.
Synopsis
Policymakers and business leaders in the United States and India must develop a strategy to build a technology corridor that makes India a global leader in the field, creates a secure supply chain and deep partner for the United States, and provides a positive feedback loop that benefits both countries.
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 USD3.65 a day. Thus there remains enormous potential for economic growth, and improvements in
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