business π Goenka: India needs bigger bets than snacks
Harsh Goenka compared the business focuses of India and China, citing JL MAG as a key example. He noted China is dominating future industries like rare earths, robotics, and semiconductors. Goenka pointed out that much of Indian business is still focused on consumer goods like ice creams and snacks. He argued India's software success is largely due to labor-cost arbitrage, not deep tech ownership. Therefore, he urged Indian businesses to build technologies the world will need tomorrow. π‘