john thomas: Ignorant is you. And others of your ilk who become experts by reading up a few articles on the internet without understanding the larger context. Core Competence is fine. But to ignore heavy industries and infrastructure growth in a coutry like India is stupidity. There's no shortcut or bypasses for industrialization. You have to go through the phases. Otherwise development will not be uniform, only in small pockets. How can you talk of core competency in knowledge industry when half the population is illiterate? First thing, get rid of poverty, achieve 99% lieteracy - and then talk about such new fangled words. It suits the US - but they went through it in phases as well. Every industrialized nation did that. Where was Intel and Microsoft in 1970s 80s? If your basics aren't right, you'll end up with farmers swinging laptops and relieving themselves in fields at the sametime due to lack of infrastructure.