Why India don't have global brands?
Hi , As the title says.. Why India don't have the global brands.? Being the populated country . Having the best talent , Hard working people but yet no global brands.Why? When we talk about the Nation with top companies we hear only China and USA why not India? China is dominating the world BYD>TESLA , TIKTOK>INSTAGRAM . The Chinese companies are entering the US market and dominating there too. What are your views on this?
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Tax like Europe, Facilities like Somalia
How do you expect it to happen?
Perhaps the issue isn't just about taxes and facilities, but also about our expectations and standards. Are we comparing ourselves to unrealistic benchmarks or seeking incremental improvements?
Except a few brands like Tata and some startups like Browserstack etc, there's no other global brands because :
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Jugaad and chalta hai attitude of businesses.
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Trading / Thelawala mentality like Reliance, Birla etc.
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No Risk Taking workforce and no support from government.
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Last but not the least, Patient Capital, Patient Employees and lack of dignity of labour.
In a nutshell , for India to Surpass or catch up to US China , this country needs to have.
- Risk taking mentality
- Support of government
- Lenient Capital
- Importance of Education and Dignity of labour
- Last but not the least, proper incentives for taking risk.
Adding to your points , Do you also think Religion based politics is hampering the growth of India?
India lacks global brands due to low investment in education (~2.9% of GDP) and skill development (0.08% of the budget), fostering a ‘survival’ over ‘think big’ mentality that stifles innovation and global competitiveness.
because we are the consumers of those global brands
When our PM asks ppl to sell pakoda and give birth to 4 babies... What else to expect??