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I hope the India govt moves fast now. The should take this opportunity to improve local infrastructure and put in reforms for a domestic software economy. The T

I hope the India govt moves fast now. The should take this opportunity to improve local infrastructure and put in reforms for a domestic software economy. The TCS, Infosys & Wipro helped kickstart the software revolution in India but they need to take this to a better conclusion than it is now. We need product based companies in India and we need a strong local domestic market. It needs to retain it's talent at home. Any Indians want to chime in on whether this is likely? I hear great things about Modi.

intended 10y ago
No? The govt is already working really fast, and in general all govts have been working fast since 1991. Making a market and nation building is just hard stuff. How are you going to make product firms from scratch? By building a market? For that at the very least you need connectivity - the current govt has always focused on laying infra and highways. But that still means people need money to buy stuff, and we have a hugely messed up labor market with a strong dependence on agriculture. We're 50 years away from anything like what people may want to hear to have a "good" ending. But this is also a market for people who are able and capable of getting their hands and heads truly dirty.
sreenadh 10y ago
TCS, Infosys & Wipro are more of a sweatshops than innovative companies...
- geodel 10y ago
  They weren't from day one. At some point the idea and implementation of cost arbitrage was itself innovation.
throwaway31233 10y ago
How can they ? India's education system/institutions is meant/nourished to serve the English-speaking countries.
ashwinaj 10y ago
Maybe I'm cynical, but I don't see how India can move from a services/back office economy to product development until expats with such experience move back. Our education quality is pathetically dismal, infrastructure within cities needs improvement, red tape needs to go etc. We don't have enough risk takers and many of us are risk averse. I think the key is convincing expats to come back, which is hard.

intended 10y ago

No? The govt is already working really fast, and in general all govts have been working fast since 1991. Making a market and nation building is just hard stuff. How are you going to make product firms from scratch? By building a market? For that at the very least you need connectivity - the current govt has always focused on laying infra and highways. But that still means people need money to buy stuff, and we have a hugely messed up labor market with a strong dependence on agriculture. We're 50 years away from anything like what people may want to hear to have a "good" ending. But this is also a market for people who are able and capable of getting their hands and heads truly dirty.

sreenadh 10y ago

TCS, Infosys & Wipro are more of a sweatshops than innovative companies...

geodel 10y ago
They weren't from day one. At some point the idea and implementation of cost arbitrage was itself innovation.

throwaway31233 10y ago

How can they ? India's education system/institutions is meant/nourished to serve the English-speaking countries.

ashwinaj 10y ago

Maybe I'm cynical, but I don't see how India can move from a services/back office economy to product development until expats with such experience move back. Our education quality is pathetically dismal, infrastructure within cities needs improvement, red tape needs to go etc. We don't have enough risk takers and many of us are risk averse. I think the key is convincing expats to come back, which is hard.