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Actually US tried to cut India off many times. It actually supported Pakistan during 1972 war. After India tested second nuclear bomb, US tried to pressurize In
by mayankkaizen 7y ago
Actually US tried to cut India off many times. It actually supported Pakistan during 1972 war. After India tested second nuclear bomb, US tried to pressurize India by way of restricting many technology transfer but India actually came out stronger. It developed most of those technologies on its own. US even denied the service of GPS system following which India developed its own solution. Unlike China (and Japan in the past), India's economy doesn't depend much on US.
- negamax 7y agoYes and those embargos indeed put India many years behind. I do think it's quite admirable that the country developed these things indigenously. But we should take the existing good and advances from all around us and leapfrog. And build upon it. Instead of getting into the trap of developing our own. American capitalism is indeed a great example in this regards on economic expansion. They leveraged the global imbalance and came out stronger despite job losses. SpaceX, Tesla, Calico, Boston Dynamics and many others are well footed into the future because of that.
- gumby 7y agoAs is often pointed out, a big weakness of India's economy is the poor interconnections with the global economy. In addition, as you have pointed out, this is also a source of, or at least opportunity for, strength. I am not sure the balance is correct (it's absurd that as a PIO my investment opportunities are better not only than other foreign investors, but citizens too), but it's arguable and worth thinking about.