[econcon]

> it's something China has been doing to great success and the Asian tiger economies (primarily South Korea) did as well.

When india imposed duties against chinese steel, the steel sector grew but soon the Real Estate sector accrued high input costs and real estate became expensive.

Same happened to automobile sector in india, yes few people gain from protectionism at expense of others.

I'd go on 1 foot and tell everyone, quality of skilled labor in india is bad not because of lack of quality education but because they are not able to afford quality tools which international market has to offer. Primary reason for that is those tools are only available to you if you work for big companies, goverment has put lots of taxes/tarrifs/duties on that which is HUGE relative to what people make there.

India has taxes duties more than europe but doesn't offer its citizen as much benefits as europe does.

[newyankee]

Indian real estate is expensive due to outdated town planning and land use laws. This is because the people who control most of the real estate (politicians) do not want increase in supply which depresses its price. Construction cost although important is a much lower part of the equation compared to land cost.