A richer future for India means crossing the canyon from arbitrage to innovation. Look at the example of Japan’s beginning in the 1960s. The country jump-started its post-war economy by making cheap knock-offs of U.S. goods. Yet it had the foresight to move beyond this strategy to become the world-class innovator in manufacturing and electronics that it is known as today. India would do well to learn from this example. Four things need to happen to ensure that the stage is set for a more innovative, dynamic, and competitive India:A richer future for India?
Monday, February 2, 2009
A richer future for India?
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