India is a large market. At any given time millions of products are sold. But we
import almost everything – not just mobile phones, but laptops, computers,
refrigerators, televisions and even all the components that make them. India has
all assets to take full advantage of, but it is China that gains from this large market.
Check what Dr Ashok Jhunjhunwala from IIT Madras has to say about it. A very innovative, thought-provoking speech video attached. Do post your comments/feedback.