Rafi
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It's not speculation. It's basic economics.
As per capita income increases, the cost of manufacturing the product goes up.
It's basic economics.
What India might lose in IT, it will make up for in manufacturing. Also, our IT products mostly cater to developed markets like the US.
Pakistan anyways doesn't have such a huge market for IT products.
It will struggle to become a manufacturing giant, because of the weakness in it's infrastructure - corruption is eating a way at hundreds of billions, we have a similar problem here. Also the flexibility of the Chinese labor market does not exist in india.