India’s Global Industries: Three Horizons of Growth

There has been a time when India was unlikely to be a global player in any industry or service. From the 1980s, thanks to software services and information technology, India came to be recognized as a global software powerhouse. Still, industry was seen as an unlikely arena for global play by India. The 1990s saw the first breakthrough with the pharmaceuticals sector, led first by bulk drugs and later by formulations, becoming the global generics powerhouse. Doubts remained, however, if India would ever be player in the broader industrial spectrum. The turn of the century, however, saw India become a major producer of components and finished products in a number of industries, including electronics and telecommunication products.

Quietly, India has been taking quick strides in multiple industrial horizons. But for that, Indian products would not have made it to global arena. For example, Hyundai and Maruti export to their markets products manufactured out of India. Toyota, the world leader in automobiles has recently announced that India would be a new hub for certain of its global component requirements. India has launched its 100th space mission (the Polar Satellite Launch Vehicle, PSLV, C21), with satellites from the developed world to be put in orbits on a commercial basis. Tata Motors turned around Jaguar-Land Rover operations, and began making profits and adding jobs in the developed world. Impressive as these are, they are more a result of individual initiatives in private and public sectors. There is a need to identify a concerted strategy for globalization of the broader Indian industrial spectrum.

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The Seeds that Become Trees: A New Logic for India’s Industrial Forestry

The Internet has done wonders for globalization and communication. The Internet of People connects people and organizations across the globe through a host of devices such as computers, tablets and smart phones, connected by a telecommunications backbone. Many things that are done physically, from retailing to movie screening, began to be conducted by remote management through the Internet, in an increasing measure. After digital book publishing and reading, electronic commerce and mobile wallets have become the new platforms. This has resulted in a huge shift in how business is conducted in various fields, and the future potential. There could be an explosion of the Internet of People in India with better and universal broadband and wifi connectivity, lowering of tariffs for data transmission and availability of additional spectrum.

The next revolution in the Internet could be more profound. The Internet of Things could connect devices and environments in multiple ways, revolutionizing how people live on a day to day basis. Healthcare, travel, home life, retailing are all set to become more real time and inclusive. RFIDs, sensors, scanners, software, analytics, processors and telecommunications would determine if product and industrial structures would undergo a metamorphosis. Unfortunately, the greater the input of technological change the greater is also the level of waste. For example, as opposed to replacing normal electric bulbs or refrigerators after their useful life, technologically connected appliances may seek replacement every year as new technology arrives.

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Cascade and Cluster Strategy for Industrial Development: A Potent indigenization Prescription for the Indian Industry

India, undoubtedly, has been a leader in diverse pharmaceutical products, including tablets and capsules. Pharmaceutical development and manufacturing has been one domain of manufacturing that has brought out a Made in India advantage onto the global arena decades ago. Of late, however, Indian manufacture has been demonstrating early shoots of manufacture and global challenge in another kind of tablets. The electronic tablet computers that were hitherto considered the preserve of the likes of Apples and Samsungs are made in India! In fact, the launch of an indigenous 5” tablet by an indigenous manufacturer at almost half the price of a ruling imported tablet product has led Samsung to announce post-haste a new tablet model at a dramatically reduced price. With concerted government-industry action electronics could be a new wave of growth for India.

Electronics need not be seen as the only early shoot of industrial manufacture. There are several other industrial manufacturing segments, some near the maturing state and some in the emerging and growth stages. These include aeronautics, space vehicles, automobiles, heavy engineering, electrical products, white goods and consumer items, to name a few. There is, of course, the caveat that in each of these certain critical internals are based either on overseas technical designs or imported into the country from the collaborators. Examples could be engines, compressors and the like. Development of Indian industry occurred when phased manufacturing programs as in the case of automobiles, and national policy missions as in the case of space engineering were put in place.

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