A recent report rates India 50th in ranking of Competitive Nations. Some might argue that it ranks many other country like China(49) and France(47) bad too. But should that give us enough excuse for that poor rank?
Thinking of our competitiveness, let see where India(n) is(are) performing good. We are reportedly one of the best in getting outsourced work. Besides being a cheap and abundant source of people the credit goes mainly to our 'English' knowledge and capabilities rather than our actual software expertise.
What is not realized in the whole matter is that though the economy as a whole is growing with Foreign companies coming in and setting their offices in India, there is hardly any growth in the direction of India becoming a developed nation forget about being a super-power. Hardly any Indian company makes it to the fortune 500. Hardly any hardware company we hear of or whose product we use is Indian. Our Automobile companies aren't any globally competitive, once the foreign companies start competing aggressively within India the remaining Indian businesses will surely not be able handle the aggression.
Take China on other side, China is slowly becoming the manufacturing capital of the world. Name any hardware bussiness and Chinese companies are natively producing that, be it chips or printer or even Routers. Similar is the position of Japan, which is already the centre of Electronic Innovations.
Is there any chance of India achieving the developed nation status by even 2020 ( or we have to postpone the target year once again as usual)