Why did India lag behind in spite of having resources?
It’s a crony propaganda that higher corporate taxes and expensive capital is making Indian businesses inefficient and thus they need protection. Rather, it’s the lack of competition that is making them complacent leading to poor performance both domestically and globally.
In which field India is lagging behind?
India is ‘lagging behind’ developed and newly industrialized economies in the field of science and technology due to ‘comparatively low’ investment in research and development and inadequate research and development of manpower.
Why does India lag in manufacturing?
Weak infrastructure, lack of products of international standards are among a host of issues that bog down India’s manufacturing sector. The government launched its ‘Make in India’ initiative in September 2014 as part of India’s renewed focus on manufacturing.
Why do we lag behind China?
The most important factor is the politics, China is a communal country i.e., there is a single party government in china. This saves the country from all the political tantrums, which could be seen in India every now and then.
Why India is still lagging behind China in terms of growth trajectory?
The single most important factor explaining this difference is the relatively poor performance of Indian industry. Whereas the share of industry in China’s GDP rose from 42 per cent in 1991 to 51 per cent in 2001, it remained virtually stagnant in India.
Why does India lack in research?
The dismal position can be attributed to the fact that many students feel that PhD in India takes too much of time, research work in India is poor, and the market value is low. For a country, research is not just a profit generator, but a long-term investment, which will bring revenues for the country in years to come.
Why India must focus on manufacturing?
To capitalize on the demographic dividend, India must create nearly one million jobs per month over the next decade. Manufacturing has the potential to provide large-scale employment to the young Indian population and thereby enable a significant section of the population to move out of poverty.
Why did make in India fail?
Too much reliance on foreign capital: Most of the schemes under Make in India relied too much on foreign capital for investments and global markets for produce. This created an inbuilt uncertainty, as domestic production had to be planned according to the demand and supply conditions elsewhere.