I would agree with you about the IC in India for the UK. With the Japanese transports postioned the way they are, the Philippines, Borneo, and the East Indies are the most the Japanese can do in Asia in Turn 1. If they fail to get Borneo and the East Indies, I suspect that they loose their National Advantage IPCs for the first turn. With average die rolls by the Allies in causing Japanese casualties, the Japanese are not going to be able to pass up the easy conquests there. That slows down any attack on India. With the cheaper subs, the US should be able to mount a submarine offensive on turn 2, going for the transports in conjunction with bombers. The US can use the carrier to stage fighters into Australia for defense, and once that is done, you should be able to build an IC there as well. I see only one Japanese destroyer, so subs should be pretty effective against the Japanese Navy early on. Forcing the Japanese to build destroyers and transports dractically reduces their land and air forces. In A&A Pacific, killing Japanese transports is very effective, and in the Anniversary Edition, with the limited number of them, killing transports should be ever more effective.
Admiral, I would say that a house rule putting an IC in either India or Australia is perfectly valid, based on A&A Pacific. I am thinking of having India get one free infantry every turn, and giving an IC to Australia.