Global investment bank Jefferies has published a report titled India’s New Industrial Revolution, said that space, semiconductors, data centres, electronics, solar manufacturing and aerospace sectors could drive the next phase of India’s economic growth.
An Indian company that writes brilliant software for a foreign platform gets paid well for the work. It almost never owns a slice of what that platform eventually becomes worth. This is the exact distinction Naoroji’s arithmetic always hinged on, not whether India earns money, but what kind of money it earns, and what kind slips past it entirely.
Giving data centres the same priority as highways, railroads, and electricity grids by designating them as important infrastructure was the most significant decision of the govt