goods: Indian scholars debated for years about how the country should push forward with industrialization, according to Global Times China. Unlike China, whose industrialization process started with manufacturing primary goods, then intermediate goods, and then high-tech goods, India wanted to take a shortcut in the 1990s and the early 2000s to avoid the primary manufacturing process due to concerns over pollution and high costs. Photo VCG While there have been discussions surrounding how India's industrialization will affect China in the future, one realistic question currently faced by India is whether the country can achieve industrialization at all. According to India's industrial roadmap, it chose to first develop the IT sector, which was supposed to facilitate its industrialization later. However, it turns out that there is no shortcut after all. The government at that time believed that it may overtake China on the curve by taking this shortcut.
(news.financializer.com). As
reported in the news.
Tagged under goods, indian scholars topics.