India's economic development is centred on a narrow cone of progress around IT services/outsourcing/migration and the spending power that creates a set for consumers and government projects.
It's not comparable to the broad based productivity gains which happened in China or the UK across every industry as they developed, from agriculture to manufacturing to services. Instead it's much more like the Norwegian or Saudi hydrocarbon economies but with human capital exports.
It's not comparable to the broad based productivity gains which happened in China or the UK across every industry as they developed, from agriculture to manufacturing to services. Instead it's much more like the Norwegian or Saudi hydrocarbon economies but with human capital exports.