India has still a long way to go
The Rediff Interview with Michael Porter, head, Strategy Insititute, Harvard with title 'India still has a long way to go' by Manjari Raman posted on December 29, 2004 at http://us.rediff.com/money/2004/dec/29inter.htm More than one way he says, that Indians are good, but India as a business environment is not (yet). "Indians come to the US and they thrive! They build great companies, they're global. Isn't that a wonderful metaphor for what we are talking about?" "Although the Indian business environment is improving in multiple respects, it has some fundamental weaknesses. Number one, the capital markets remain relatively weak and undeveloped. Number two, the physical infrastructure is abysmally ranked." "Indian firms face a really compelling logistical disadvantage over companies in China in terms of getting goods and services to market. But the most pernicious problems in India--which are still not being confronted head-on - are the pervasive...