[ksey3]

Suzuki mostly sells its crap to the Indian market. Doesn't really sell much to the first world.

And Raghuram Rajan agrees. He has been saying it wont work and govt incentives should have gone to the services sector (which has been India's strength) instead of Apple - https://www.youtube.com/watch?v=PUDaHgHC8ao

Indian labour can be a nightmare thanks to the numerous factions (religion/caste/language differences). All sides needs to be bribed to keep things running drama free. And that cuts into margins, in ways you wont see in other countries.

Services firms margins are 2-4x more than manufacturing margins, which is why their Services sector has thrived.