The Import cost of material is make further high cost in manufacturing for large country which would reflect in selling cost. In western developed countries are more ahead in other Industries and India is first in world provides services sector of world. But now under digital India mission, one of the objectives is manufacturing in domestic market by 2020. So we would hope that we have zero Import in IT and electronics by 2020 and Job opportunities will grow.
We are Inviting the other countries to manufacture in India under "Make In India mission" so that we can provide jobs to our youth and reduce our Import cost as well as learn technology. I think this could not harmful for our economy If environment concerns are follow by Chinese and such other countries in India.
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Let us encourage each other in sharing knowledge.