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.