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A new world in the making: Is it time to rethink India's economic strategy?

The US is home to massive and world-dominating private tech companies, such as Google, Microsoft, Amazon, OpenAI, Meta, and Apple, yet the country as a whole is struggling neck-deep in debt

A new world in the making: Is it time to rethink India’s economic strategy?
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The US is home to massive and world-dominating private tech companies, such as Google (Alphabet), Microsoft, Amazon, OpenAI (ChatGPT), Meta, and Apple, yet the country as a whole is struggling neck-deep in debt. (Illustration: Ajaya Mohanty)

Ajit Balakrishnan

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“Sir, please don’t say this openly … we will lose half our revenue if our key clients hear that!” This was the anguished response from a friend who had started a software company in the 1990s, when I suggested that I could help design an algorithm to perform marketing analysis in one-tenth the time it was taking at that time. His business was then to conduct marketing analysis, a service that his company provided to blue-chip clients in India and the United States (US). His revenue was generated by charging clients in accordance with the number of hours spent by
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