2 ms·
The only problem is sure you can open up your economy, get cheap spare parts, and assemble them here. But what really happens is in this context. And especiall
by kamaal 10y ago
The only problem is sure you can open up your economy, get cheap spare parts, and assemble them here.
But what really happens is in this context. And especially if you are just starting out you really end up being somebody who is very good at assembling things, not really that good making them.
This has to some extent happened with the software industry. While the services industries have done good. Product industries have suffered and continue to. What we really have in India are largely me too products from the Bay Area.
You can open up your economy as much as your want but you will only get as far as your human resources are skilled and trained. Beyond that your human resources are now slave labor to a more powerful economy.
There were plenty of debates during the last election. And all economist even the ones supporting the ruling party(Surjit Bhalla) were saying that last thing we want is to build Indian economy on the back of its laborer.