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Old 25th September 2007, 08:54 AM
ash
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Join Date: 12th July 2007
Location: IIUM, Malaysia
I'm a Crazy Communications Engineer
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Default Re: Products Vs. Services - What's up, India?

I think India does have the infrastructure, and the problem lies more with people's attitute like Crook said. Its the same case here with Malaysia. We are manufacturing and exporting a lot of electronic products of MNC's (like Intel chips), but we don't have much of our own innovative products. The tools and resouces are there, but not many take the risk (like in xheavenlyx's post about Silicon Valley). Regarding a country depending on tertiary services.. Using a bit of high school economics, I think a country is safer off depending on services IF their economy is at an advanced stage, like UK.

Forgot to add, the government policies also play a very significant part in this. If they have more incentives for local companies to start up, then its a good way to have clusters of secondary level companies. Things like lower corporate taxes, financial assistance, etc.
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