4 ms·
I think the difference is India is a major startup hub that mostly caters to the local market so the effort to shift to more resilient income streams not comple
by bergenty 4y ago
I think the difference is India is a major startup hub that mostly caters to the local market so the effort to shift to more resilient income streams not completely dependent on the global market are underway, something Brazil did not do.
- spaceman_2020 4y agoEntirely possible India hits a lean phase and stays stuck where it is. Truth be told, everything from infrastructure to basic law and order are far behind even a “middle income trap” country like Thailand. Too early to pat ourselves on the back.
- mayama 4y agoAnd recent focus on manufacturing. New govt is heavily pushing local manufacturing(atmanirbhar bharat) for last 8 years. Progress is already being felt in some areas, for example in smartphone manufacturing India went from nothing to #2 in world in those years. They are now targeting more phone phone supply chains like pcb, modems etc. and other consumer electronics too. https://tech.hindustantimes.com/tech/news/india-now-2nd-largest-mobile-handset-manufacturer-in-the-world-says-amitabh-kant-71643607326675.html https://tech.hindustantimes.com/tech/news/india-now-2nd-larg...
- spaceman_2020 4y agoTo be fair, despite all these efforts, the manufacturing sector has consistently underperformed the rest of the economy. The share of manufacturing as a % of GDP has been trending down for quite a while. Outside of the headline grabbing numbers (such as the iPhone factory), the reality is different.