India Needs Schools Not Silicon Valley
Imitating Silicon Valley Won’t Solve India’s Problems.
Startups are the new magic wand. It will eradicate poverty. It will create endless jobs. It will educate everyone without the need for schools and colleges.
Old Wine In New Bottle
Tata imitated the steel plants. So did India’s PSUs. Then we imitated Detroit. Then we imitated telecom. Now we want to imitate Silicon valley.
Best Indian Startups Are Medicore Or Xof Y
Flipkart is our best startup. 2nd best is Snapdeal or Paytm. 3rd best is Quikr or Ola or Shop Clues Or Ask Me. All are imitating or copying a successful business elsewhere. Just that we call it by different names. We finance it through different ways.
A Long Haul
Can we import success overnight? Silicon valley thrives on more than 200 years of education, research, free enterprise and great government policies.
Public Goods Lead To Great Enterprises
Mexico and California have similar geographies, people and companies. Yet, California thrives and Mexico does not. If there is one country which can easily imitate Silicon Valley, it is Mexico. Lack of law and order, education system, entrepreneurial government are few reasons.
Indian Needs Public Goods More Than Startups
Ajay Shah, an Indian economist often writes that failure in delivering public goods hurts us the most.
Lofty visions without the fundamentals such as literacy, quality education, infrastructure, inadequate beauracracy, cronyism of most econonic activities has harmed us more.
Governments have always been telling people about a perfect future. Once it was rural India, then socialist India, then mixed India, then industrial India, then telecom India and now it’s startup India. It never happened. Numbers tell that three fourth of India earns less than INR 5000/ month.