The ascendency of India as an economic world power

We often hear that India is not a very ideal place for hardware production. China is supposed to be the preferred destination in the hardware sector. India has seen good success in software development but not in the hardware sector. It is nice to see that this scenario is slowly changing and India is becoming a hardware hub in Asia.

Business Standard reported:

The country is waking up to a hardware manufacturing boom. Over the last 18 months, investments worth $18 billion (around Rs 80,000 crore) have been committed by major global players in the electronics, IT and telecom sector (hardware manufacturing or chip design or research and development or developing software products) in the country.

 The Indian government expects a fresh commitment of about $2 billion over one year in telecom manufacturing alone, according to Dayanidhi Maran, Union minister of communications and information technology.

 The kind of growth the government has targeted to achieve by 2010 is expected to attract investments of about $20 billion, churning out more jobs, contribution to GDP and increased government revenues.

I am happy to see that Indian government is paying attention to this sector. India desperately needs to generate a huge number of jobs in the short term so that the country can tackle the unemployment problem. For generating jobs in thousands for the ordinary people, hardware sector is ideal. I hope that the government officials try to encourage more investment in this sector.