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.
As night follows day you’ll either have to accept India as an equal or risk loosing that market as well.
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.