We should not compare ourselves with other nations where manufacturing is booming. Countries like Korea, China, Germany, Sweden, Japan are throughbred they have taken short cuts like us in national development.
We took short cuts and developed services which does not require strong infrastructure through out the country, some metros and their suburs have international class commercial buildings which support the IT & ITES boom. Worst still 90% of these buildings run their own municipalities - trutfully non exsistance of drainage, swearage, electric supply leaves no choice for the developers to run these buildings as stand alone.
I think we do not inspire confidence in big manaufactures to put up their plans in the country, Japan being a manufacturing giant would obviously go to places like China, Singapore, East Europe, Malayasia etc.
Playing warm hosts from several centuries have not given us much filip in our growth.
Liberalisation does not mean non governance and no intervention - we confuse ourselves. Govt. has to take onus to make India a world class country. The development has to be overall and not in pockets - then we will attarct big economies to invest here.
Services economy makes us vulnerable, the sub prime is already playing havoc with IT & ITES - Mortgage BPOs are closing shop over night !! the choice is ours do we want to be so fragile or a strong manaufacturer ?
