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India should rethink plans to become a semiconductor hub

Other more important goals deserve Narendra Modi's attention

| India
A woman whose farming land had been transferred to build a solar power plant grazes her cow near the plant in Mikir Bamuni village, Assam state, on Feb. 18: Nowhere is the transformation of economy more dramatic than in India.   © AP

Henny Sender is a managing director at BlackRock in Hong Kong and a former Financial Times correspondent.

Not so long ago, the stump speech for politicians campaigning in local elections in India almost always included promises to build more paved roads and connect more rural villages, where the majority of the country's 1.4 billion people still live, to the electricity grid.

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