I would prefer simply increasing the starting forces in India (and Australia if needed) and allowing UK to build his own IC. Also, If you are playing with the improved techs, UK has the opportunity to directly attempt improved factories. This would improve the defensive qualities of India.
Also just on the side. Has anyone effectively used Australia Industry for UK in AA50? I tried it once, and it helped me keep the rich islands around Australia.
Your AA50 Strategic link is broken.