Not just money though which is really a pittance in comparison to what China, U.S. are investing on this very important strategic technology; heck, even the EU will be investing billions more than what Bharat (India) is announcing to spend. More importantly, does Bharat-India have the necessary expertise, educational workforce and know-how to actually build the semiconductor ecosystem? How about the key natural resources needed to make the semiconductor chips? Have the government made any deals with countries abundant in the required resources to ensure cost viability not to mention the logistics?
This sort of announcements and proclamations by Bharat-India while laudable is emblematic of their penchant for declaring victory before the game has even began. Their non-existent victory echoed willingly by U.S. media publications like the supposed venerable NYT is what gives this ho-hum news heft in the eyes of the gullible sheeps in western countries and the hyper-nationalists back in Bharat-India. That a newspaper like NYT is doing it's best to aid their government without proper context to its audience goes to show that American journalism is just propaganda at its worst. They have gotten away with it in the past during their hyper-supremacy moment (Cold War, post Cold war) those days are numbered.
It just reinforces a flawed picture and is harmful in the long run.