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Is it? Agriculture is the country’s major occupation, yet it imports rice polishing machines from switzerland. Indian market is one of the fastest growing sma
by lewisjoe 7y ago
Is it?
Agriculture is the country’s major occupation, yet it imports rice polishing machines from switzerland.
Indian market is one of the fastest growing smartphone market. Yet the biggest players are Chinese, Korean or American.
Railways has been the primary source of connection across the country and within cities. Yet metro trains are made by Japan and european companies.
In the cities IT services are the main source of economy, yet India never shipped its own microprocessor until very recently.
I can go on, but you get the point. Having a vague idea of how to do something vs shipping a world class product are two different things. What’s happening with the moon mission is the latter, though at a very beginning stage.
- easytiger 7y agoThe UK used to know build how to most those things, indeed invented them; they now buy them from abroad. Globalisation and the economics thereof dictate that. India to some degree skipped a step on the way. Much like central and rural African countries skipping broadband and going straight to mobile internet.
- lewisjoe 7y agoYes. UK’s biggest company is not a train engine company. UK learned that it could generate far more revenue by selling financial services with its rich legacy along that line, than export train engines that it invented. India took a similar path in 90s, selling IT services. But it isn’t simply enough given the size and the population of the country. The only sustainable way forward is to become strong exporters of good products along with services.