Wondering if India is an important economy to make global impact. Why everyone in Silicon valley is eagerly waiting for elections in India.<p>Is it going to impact the global economy or Enterprenurial ventures or IT industry. What is it going to impact the most?
India has been developing due to FDI/FII/QIP/NRI/PIO investments ($120 billion/yr).
Otherwise India follows the "Sheep Herd" mentality.
The whole country's economy is based on people getting into "Profitable" domains mostly following the success of a pioneer in the field.
The most recent example of this ideology is the "Business Process Outsourcing" industry.
New BPO units are propping up here and there at a dime a dozen leading to a quality deterioration in the final deliverable.
This process will continue till a saturation level is reached and then they will wait till another "Killer" domain picks up momentum.
Till then India will be in a so called "Calm Period" where nothing great and major takes place.