Recently, the Prime Minister of India made a speech in front US Congress where he clearly took on Pakistan and China. India has received a support from US for its NSG membership. Although this is a great achievement of Modi government, it remains to be seen whether US will help India w.r.t. technology transfer for its domestic economy as well as military.

I have explained in my volumes about importance of a strong domestic semiconductor manufacturing industry for any country’s economy. The foolishness of Free Trade policies have enabled the MNCs in U.S. to move their semiconductor manufacturing to China. This has not only contributed to US trade deficits but now has also become a national security issue due to counterfeits in U.S. DoD’s supply chain.

Hence, It is very unlikely that US will repeat the same mistake in future w.r.t. technology transfer. I was recently invited by a television show in India to give my opinion about the NSG deal. Given the fact that Obama’s tenure is coming to an end and Donald Trump policies will be opposed to Obama, I have made a few warnings to government of India in that interview as follows

1. Donald Trump will move manufacturing back to U.S. and MAKE IN INDIA will have to change to MAKE FOR INDIA ( I have been advocating for the same since 2014 and also had mentioned about it in my second volume)

2. U.S. Capitalism will meet the fate of Soviet Communism by end of 2016 which changes the geopolitics.

3. It is unlikely that US will come to aid of India if its economy collapses by end of 2016 and China decides to invade India to prove its dominance in Asia.

4. India has no solution to eliminate trade deficits from imported electronics as they have no knowledge and expertise in this field. Neither they can expect US to commit the same mistake what was done w.r.t. technology transfer to China.

Let’s see how India manages to deal with China as economic and political turmoil entangles U.S. economy.

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Author biography: Apek Mulay is a Business and Technology Consultant at Mulay’s Consultancy Services. He is also a senior analyst and macroeconomist in US Semiconductor Industry. He is author of books Mass Capitalism: A Blueprint for Economic Revival and Sustaining Moore’s Law: Uncertainty Leading to a Certainty of IoT Revolution. He pursued undergraduate studies in Electronics Engineering (EE) at the University of Mumbai, India and has completed master’s degree in EE at Texas Tech University, Lubbock, TX. Mulay authored a patent ‘Surface Imaging with Materials Identified by Colors’ during his employment in Advanced CMOS technology development team at Texas Instruments Inc. He chairs technical sessions at International Symposium for Testing and Failure Analysis (ISTFA). USCIS approved his US permanent residency under the category of foreign nationals with extraordinary abilities in science and technologies even though he did not pursue a PhD degree in engineering or economics. He has been cited as an ‘Engineer-cum-Economist’ by superstar economist Professor Ravi Batra in his 2015 Volume ‘End Unemployment Now: How to Eliminate Poverty, Debt and Joblessness despite Congress’. He has appeared on National Radio shows, made Cover Story for Industry magazines, authored articles for newspapers as well as several reputed blogs & industry publications. He has also been invited on several Television (because of his accurate macroeconomic forecasts) for his ideas about Mass Capitalism. He is also an investing partner in an ecommerce business calcuttahandicraft.in which he started to envision his ideas about Mass Capitalism. His blog is www.ApekMulay.com