Dynamic India releases from EkaLore have looked at many unique advantages and forward visions possible for India. In this release, we step back and look at the inherent conflicts to be resolved for India’s tech industries – investment, protection, and development.
A Dynamic India has important choices to make.
Objective: Use Domestic-Indian marketspaces to achieve economies leading to “network effects”
Example: Wireless Internet costs (frequently delivering desirable media, social networking, and essential services) are 1/10th those typically found in the USA/EU. Cloud-scale investment in computing infrastructure and global communications networks are foundational for many other economic choices
Choices: Continue policies encouraging sufficient profitability of India’s own carriers and enterprises to continue to invest and innovate, or emphasize universal access and very-low costs
Possible Outcomes: Competitive successes at global scales applied to Indian marketspaces will determine economic and technological capacity and capability affecting other economic choices
Objective: Continue to support globally competitive Indian-based service and brainpower industries leading to better monetization of education and careers
Example: Continue to build globally competitive R&D, Business-Process outsourcing, and applied technology centers (delivering service-sector employment and skills to create a growing middle class)
Choices: Secure global marketspace access and labor mobility using remote work, education/training skills development, and reward Indian enterprises; focus on efficiencies and effective institutions serving Indian society; provide social, economic, and geographic mobility to individuals and enterprises
Possible outcomes: Selected choices will change social mobility, distribution of wealth, and long term roles for Indian brainpower
Objective: Identify and invest in key industries for long term development
Example: Select Pharmaceuticals, semiconductors, AI/information technologies, defense, agribusiness, or vehicles
Choices: How to determine successes (failures); level of investment, distribution of investments; prioritize initiatives without causing failures
Possible outcomes: Past (present and future) selections will require adapting to changes and competitions in the global landscape – abandonment of some policies and strategies, enlarging some, and consistent continuity for others.
You can read this and other Dynamic India pieces at www.ekalore.com/india-business
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