The Daily Brief Why India Can’t Build the Next Apple or Tesla
5 snips
Apr 8, 2025 Explore the intriguing dynamics of India's innovation landscape, highlighting the contrast with China. Uncover the systemic barriers that hinder the growth of a high-tech industry, from funding challenges to bureaucratic hurdles. Delve into a major acquisition in the logistics sector as Delhivery eyes EcomExpress, grappling with its declining client base. The complexities of merging operations in this competitive market reveal a lot about the future of Indian startups.
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Funding Innovation
- Innovation requires patient capital, but India's private investment is dropping.
- India's R&D spending is significantly lower than other countries like China and Germany.
Brain Drain
- India struggles to retain top talent due to limited quality of life and opportunities.
- Many top IIT-JE scorers emigrate, impacting the available workforce for innovation.
India's Innovation Challenge
- Piyush Goyal is correct that India needs more high-tech companies.
- Fixing underlying issues like patents, funding, and human capital is crucial for this.