The great winners are the people of India, who have much pride in their global success and a choice of programs unimaginable a decade ago.

Their talks fell through last year when MTN’s board argued that it should buy Bharti, not the other way around—a reversal which Sunil Mittal of Bharti condemned as an affront to the “pride of India”.

This “engineering gap” is a source of pride in India and consternation in America, which fears the cutting and pasting of high-tech jobs from West to East.