Swaminathan

I have bookmarked this tweet on China's overlapping tech-indistrial ecosystems. We must study China closely. There is a lot to learn from their experience which I categorise into two distinct phases. 1. At the entry level, India must make its own household goods (all the stuff we buy in local stores in small towns), and spread those small and mid-sized factories to every district of India. It is not that hard and it can work out cheaper to make and sell *locally* than to import from far away. To reach higher in the value chain, we need phase 2. 2. To scale the value chain, we need a strong strategic industrial R&D focus in essentially all areas of tech. China started with Phase 1 over 40 years ago and now has mastered Phase 2 in the past 10-15 years. Even if global markets are not so favorable to export driven growth anymore, India's domestic market can power our own growth and job creation. That is far more balanced growth anyway. Let's learn from China and adapt the ideas to India.