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April 5, 2023

Report: Economic Growth and Strategic Alignment Between India and Silicon Valley

Report: Economic Growth and Strategic Alignment Between India and Silicon Valley

Celesta Senior Advisor Dr. Arogyaswami Paulraj shares a new report highlighting the economic partnership between India and Silicon Valley.

Celesta Senior Advisor Dr. Arogyaswami Paulraj shares a new report highlighting the economic partnership between India and Silicon Valley.

The Bay Area Council Economic Institute is a leading think tank focused on the economic and policy issues facing the San Francisco/Silicon Valley Bay Area. The Council is supported by 300+ local companies and is Chaired by Prof Mark Duggan, my neighbor on the Stanford campus.

The council produces study reports with a particular focus on technology, venture capital, and Silicon Valley’s partnerships around the world, in particular with India and China. I was very pleased to participate in the development of their most recent report Seismic Shift: Economic Growth and Strategic Alignment Between the Bay Area and India.

There has long been a strong partnership between India and Silicon Valley, a partnership which is only continuing to grow in opportunity and serve as a critical source of innovation and economic growth for both India and the U.S. Developments on a number of geopolitical and macroeconomic fronts continue to draw the countries closer together, highlighted by India's historic ties to the Bay Area.

As India continues its shift from being a global back office to becoming a technology co-creator, the partnership that could result represents one of the great economic opportunities of the coming decade.

My contributions to the report focused on India's ambition to become a significant producer of semiconductors. The development of India's semiconductor chip production capacity is considered critical to the country’s national security and its aspiration to emerge as a global hub for electronics design and manufacturing. It's similarly an important opportunity for the U.S. as it looks to diversify its supply chain and build stronger strategic alignment with India.

Read more in the full report here.

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