3 ms·
> is still a decade or two behind major players in this industry Not likely. India produces a huge array of high tech goods like iPhones, vaccines, pharma pro
by esperent 6y ago
> is still a decade or two behind major players in this industry
Not likely. India produces a huge array of high tech goods like iPhones, vaccines, pharma products and so on. I doubt they can do all that yet somehow be two decades behind when it comes to EV parts.
- dragonsh 6y ago> goods like iPhones, vaccines, pharma products May be look into more details of it's supply chain and you will notice all of these completely depend on China, Korea, Japan and Taiwan imports. Also most of them are low end production. Pharma is a bright spot in India given the patent policies promulgated in India during earlier government resulting in innovation in formulations, but here also India depends heavily on API (Active product ingredient) imports from China. As I mentioned China only recently became better in last 10 years after 3 decades of continuous assembly and production improvements, India did well under earlier government, but as mentioned in earlier comment protectionist policies of current government whose policies benefit the rich in India, will slow down that process.