India to Take New Tack to Industrialization

choi

Victor Mallet, James Crabtree and Amy Kazmin, India Gears up for an Industrial Revolution; New Delhi looks to new sector rather than taking on Chinese consumer electronics. Financial Times, Jan 12, 2015.
("India will focus on 'entirely new industries'--including solar technology, LED lighting, small cars, medical appliances and weapons--rather than trying to follow China into consumer electronics in its drive to become a global manufacturing power, according to ]Jayant Sinha, India's minister of state for finance and a former McKinsey partner as well as a Harvard Business School alumnus,  in an interview in New Delhi.]  Mr Sinha added, 'The Indian economic model is not the same as the Chinese economic model. Ours is a much more innovation-driven, bottom-up approach towards economic growth"
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My comment: I am very skeptical. There is no need to read the rest.