[redtriumph]

> There are no cars or electronics, or chip fabs in this country.

This is only partially true.

India has factories that provide inter-mediate parts required for creating final product. For example, a car needs axles, engine, dashboard plastics, alloy for body, brakes and electronics. You are more likely to find an Indian name in top-10 vendors for above parts sorted by marketshare. With the exception of engine, transmission, they have expanded.

What it does lack is tack of exporting finished products such as iPhone or smartphone or cars or jets. And I think this will be a long process. Someone with deep pockets like Apple is willing to bet and here we are.

Example: https://en.wikipedia.org/wiki/Bharat_Forge