How will Modi govt fix India’s problems? : ft. Sanjeev Sanyal
Indian Business Podcast
00:00
Embrace the Journey: Start Small to Compete
Germany faces significant challenges in competing with China's rapid industrial growth and ascent in the value chain. India cannot simply replicate either the German or the Chinese model but can learn valuable lessons from China’s approach. Entering industries at any level, even at the most basic roles like assembly, is crucial for initial development. It emphasizes the importance of starting from the ground up rather than only aiming for higher-value positions. The software industry's emergence in India, exemplified by its response to the Y2K issue, highlights the need to embrace foundational roles in order to build and scale effectively.
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