Given it won’t be the world’s biggest market in the next year or two, I think the rumors of the US semiconductor’s demise are likely grossly exaggerated.
Talking heads points. China isn’t the most powerful economy because of its headcount compared to India. But India is finally doing what it needs to build the necessary infrastructure. Unfortunately for you all the saber rattling towards India, Russia and China means that India too has been spending a lot of effort on building domestic infrastructure, working on swift alternatives, container shipping insurance, domestic high tech production etc. Just like they forced visa and Mastercard to either run on India infrastructure or pull out, they are working hard to make their own economy sanction proof from the west.
As night follows day you’ll either have to accept India as an equal or risk loosing that market as well.
> Just like they forced visa and Mastercard to either run on India infrastructure or pull out
Nicely done. Russia did a similar thing a while back, so when visa and mastercard had to kill their business in Russia all of the credit cards inside the country remained undisrupted. I was skeptical back in the day over the whole engineering and integration of NSPK (national system for payment cards), but seeing it doing its thing was an awe.
https://ourworldindata.org/world-population-update-2022