This misses the point. If you gave all of the F-35 IP to India they would still be incapable of developing the indigenous industries required to build a 5th generation fighter in a similar amount of time.
The truth is that the US can no longer afford to be the police of the world, and as this recent Houthi situation has shown, lacks the capacity to do so. What's even more worrisome is the nuclear arsenal of the US could fall into the wrong hands in the event of a civil war - with the upcoming presidential election. Disarmament, of conventional and nuclear weapons, should be a long term goal of the US.