'It's India's fault local startups are trailing China'
Mihir Sharma at Bloomberg
Indian "officials often complain that legacy companies, especially in manufacturing, aren't investing enough, but are happy to present these new players as a success story," says Mihir Sharma. But if "India's startups aren't in the same sectors as China's, the fault lies with the economy and its stewards — with, in fact, the government." India's startups are "simply responding to the fact that growth in India is driven by consumer demand and not industrial production."
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