if thats the only case then India should really lead world economies.The Chinese and the Japanese have always focused on creating strong domestic based export industries which creates a large skilled workforce.
A good example is the British and Japanese Motor industry.the British had made some of the finest machines in the world but those industries fell by the wayside due to neglect by the goverments.Japan,on the other hand ,focused on their motor industry and made it standardised components whereas the British failed to put in the money in order to do this.As a result Japan sold quality machines cheaper than Britan.The result?Japan took over the market.
Its a shame really as Britan still makes the best cars around today.Damler,Bentley and Rolls Royce but naturally they are out of the price range of even most rich ppl.They still made the best motorbikes ever, Vincent being one but simply neglected the domestic industry so it perished.
This is just one example.We have done it here with tourism and farming.
we even import potatoes?????????????????
Westside.