Chinese-Dragon
RETIRED TTA
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These differences can be bridged in 5 to 10 years maximum, and you know we will do it now, and you also know why, and you are already seeing the steps being taken.
But yes, you are just saying what I am saying, tomorrow any SE Asian nation can also replace Chinese phone brands because the only USP they have is cheaper price.
Maths is not your strong suit.
Even at 10% constant average growth it would take India several decades to go from $1.8 trillion to $10.4 trillion.
That's just to reach our 2014 GDP level, and obviously we won't be standing still.
As for Modi, it takes several decades to build a national manufacturing base. Even if you start now you will still be decades behind SE Asia.
Even now you are much poorer than China and SE Asia in per capita terms, yet you cannot beat either one in terms of cost effectiveness.