CEans,
This debate is inspired by Mr. Kanetkar's answer to our question "
India is focusing more on services than product sector. With the current burgeoning service industry, by what time can we envisage India, to emerge as a product player?
Answer: http://www.crazyengineers.com/index....d=23&p2_page=2
Let's debate on why India has typically been into services offerings & not into products development. Moreover, do you think India has been benefited by going into services offerings?
Flood this thread with your thoughts & ideas. I'm sure this is going to be an interesting debate. If we get enough 'good' posts, we will compile an article using this thread. 
What are you waiting for? Get started!
-The Big K-