I don't have a large sample size but here's an interesting anecdote: India's largest phone manufacturer had to set up operations in Taiwan to buy fully function

I don't have a large sample size but here's an interesting anecdote: India's largest phone manufacturer had to set up operations in Taiwan to buy fully functional phones, open them up and reassemble them in India: here's details + an interview where the CEO mentioned this story: http://blog.shriphani.com/2016/05/26/the-lunacy-of-the-apple-india-story/ http://blog.shriphani.com/2016/05/26/the-lunacy-of-the-apple... It is almost as if the nation has internalized its mediocrity and decision-making is overly focused on potential losses.