You forget to add China is the hare and India is the turtle. Self comforting words to make you feel better. Why won’t India compete with the US? It’s because US is a western country and India would always regard westerners as even superior to the Brahmins. While India regard China as a dalit country. A successful dalit will inspire uprising in Indian culture and the Brahmin will lose its slaves.
We are competing with the US in services. We are competing with the US In democracy, in freedom, in art and culture, in Movies, in spreading values, in global influence.
W.r.t a very narrow competition in Electronics, we will get there too.
Just 2 years back we were importing 99% of our smart phones. Now reports say that by 2020, 96% of mobile phones sold in India will be Made in India.
Sounds pretty good to me.
https://economictimes.indiatimes.co...-made-locally-report/articleshow/59883293.cms
Meanwhile China becomes less competitive. So its pretty clear where the trend is ,
This is chinese Manufacturing PMI
This is Indian manufacturing PMI.
Or remain stagnant or worse nose dive?
LOL.... you wish.