| >wouldn't Indian apps from these new found enterpreneurs expect the same response from other countries? I am from India, and I don't think this would matter a lot if the company doesn't suffer from grand delusions of trying to go global etc. There are a lot of very idiosyncratic things about the culture here (just as in other countries) where it makes a lot of sense to develop India specific apps. Also, the nature of innovation itself would change if an app is developed to cater primarily to people in India. A perfect example of this is the recently introduced UPI payments scheme, which if I understand correctly is already far ahead in terms of convenience when compared to payments services in developed countries. And I am very thankful neither Facebook nor TikTok controls it in any way, shape or form! Otherwise, I agree with your sentiment, as it applies generally to trade policies between true allies. The only problem I have is that China is an exception when it comes to these bilateral trade policies, because they have a long history of bullying [1] smaller neighbors, and they can rarely be trusted when it comes to any kind of neighborliness. People who are pro-China should come and live a few years in these regions, and I expect they won't remain pro-China for very long. And then throw in the rampant IP theft, and it seems to me that pro-China advocates are acting like useful idiots. I will add a very ironic thing I read recently by one of those useful idiots, who said "Thank God this didn’t start in somewhere like India, because there’s absolutely no way that the quality of Indian governance could move to react in the way that the Chinese have done" [2]. The irony of course is that China is trying to convince the world that the virus didn't even originate in China. In other words, Mr. Jim O'Neill would likely be in Chinese prison if he had made that statement from inside of China. I bet the heavy-handedness wouldn't taste so good if you become one of the victims. Nassim Taleb would have mocked this as the statement of a guy who "has no skin in the game". [1] https://news.usni.org/2020/01/27/panel-china-now-well-positi... [2] https://www.cnbc.com/2020/03/11/thank-god-this-didnt-start-i... |
- A company that wants to cater to Indian public must understand the local system, rules, culture, laws, taboos, and norms.
- Local and domestic entrepreneurs in India have that edge by the virtue of being immersed in the locality.
- Foreign companies will always need to adapt and evolve according to the needs of the Indian public.
This is the best kind of “head start” or “subsidization” one can have in a free and open market. There is nothing wrong with this.
The problem is in preventing international companies from competing in India which, I believe was the case before the 90’s. That was a disastrous foreign policy as the history books tell us.