Why India won’t become a superpower any time soon
Just this Sunday I was with a couple of friends and we were pondering over the mercurial growth of the IT industry in India. I was the only "wicked" person with an opinion that India is no superpower as many people call it. To summarize my argument I would say that India hardly controls the consumer market. As in we do not directly affect what people consume/purchase. That’s where countries like China/Japan/Taiwan step in and make a difference. This article would tell you why I am true and why India Inc. needs to think out-of-the-box.
I agree with you.
India must develop on more solid industries such as mechanical and electronic. India already has good chemical industry.
Service industries(BPO,KPO,IT,Ad/media) are easy to move to other locations/contries and are not as tangable, east europian countries, china, bangladesh, sri lanka, pakistan, nepal, phipins, thiland are obvious cheaper options or compititors for India’s matured service indusstry. Service industries do not create hard dependencies on investors/cosumers. Also do not provide job oppertunies for all classes of society, which is very important in overall developemnt of any country.
India does not have strong say in WTO.
Also the country is still very dependent on other contries for defence supplies.
Our politicians will never let India become power supply independent, lot of substandard equipments will be continued to be used in grid by electricity boards of all states. Power industry should be privatised, because private companies work for profits and will not waste energy and our tax money will also have intentions to curb power theft.
I respect Lalu/or his stragic managers who have set up an example of running public service(Railways) in profit. I think all other public sector leaders should learn from currunt Lalu not past Lalu who has ruined Bihar.
The list of problems keeps on going…….
Comment by Shailendra — April 30, 2008 @ 11:48 am