Two decades ago, the image of India in the world was one of a country beset with poverty, unrestrained population growth, and substandard competitiveness. Today, due largely to the dramatic growth in the Indian software industry India is an emerging economy with techno-savvy manpower building an impressive IT industry edifice. Parts of india continue to be beset with problems of poor infrastructure and poverty but such an image has clearly receded in the background. Indian software industry has grown more than 30 percent annually for 20 years, with 2008 exports projected at close to $60 billion. These figures shows India is emerging as a world power in Software but situation is not the same with industries.
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India is rich in natural resources and manpower. So, the only problem of India being the leading country in manufacturing is its lack of infrastructure and the non-cooperation of the government and everyone here wants to make money in quick succession. Because we don’t adopt easily with new things & changes. Just like others. Here there is less attention given to inventions in manufacturing. A BPO or an IT company merely needs a few computers, few small rooms and huge amount of manpower, not necessarily has to be trained. They could be trained in a month. Whereas manufacturing companies needs small but highly trained manpower, skilled labour, expensive machinaries, huge infrastructure. So, this requires huge amount of investment. Having poor infrastructure has discouraged foreign manufacturers from investing in India. It has been calculated that we need $1 trillion to completely develop our entire infrastructure. Hence there’s a lot of work to be done and people need to be skilled and innovative.