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> Yes. India is a poor country. Indeed a very poor one. But that does not necessarily constrain the growth of its tech sector. That is simply not true. You cou
by jeswin 8y ago
> Yes. India is a poor country. Indeed a very poor one. But that does not necessarily constrain the growth of its tech sector.
That is simply not true. You could grow anywhere, it's different shades of difficulty though.
> It is about exporting products while also catering to a rising domestic demand.
The revenue from exported domestically made software/tech products, compared to the size of the IT Services industry is miniscule. Almost nothing.
> So I'm optimistic that domestic tech manufacturing will grow well, but not in the traditional way, such as building semiconductor fabs.
As an economy, we should strive for depth - rather than just mate hardware imported from China with some software. Such work is easy to replicate, and is not very different from IT Services in how challenging it can be. Semiconductor fabs however is the kind of thing we should get into.
Basically, an industrial base which manufactures hardware (and other real physical things) is harder to grow than software.
- kamaal 8y ago>>The revenue from exported domestically made software/tech products, compared to the size of the IT Services industry is miniscule. Almost nothing. This is a very interesting point. Only recently I had a discussion about this with a colleague. The painful fact about big salaries in India is either US pays it or a VC pays it. Or you go the services way where some one does the work over the years and has build a company for you, then they pay you services salary(But that is again from the US.). So its just US or VCs. If you build a company in India and pay you can't pay much.