The US and India: Strengthening Security Cooperation

As China, the current economic superpower of the East, becomes increasingly unstable and its markets unpredictable, many are focusing newfound attention southward on India. With its economy growing at a rate of seven percent, India is poised for an economic surge similar to that of China, with the benefit of drawing greater appeal from foreign investors who are deterred by the communist and authoritarian rule of India’s northern neighbor.

Apple CEO Tim Cook has already taken note. iPhone sales are recording their first-ever decline in China, just as sales in India are up by 76 percent last quarter. India provides a younger market for potential businesses looking to locate there, and Prime Minister Narendra Modi has made clear his vision for a more technologically advanced and innovative India. Cook praised India during a call with investors last month saying, “The demographic is incredibly great for a consumer brand and people want best products. The government too is interested in economic reforms. All speaks for a really good future business environment.”