India is far behind China and the US in terms of contribution of industrial production to GDP. In technology for sophisticated products also we are behind both, except perhaps in information technology. Services contribute a lot more in India, but this does not make us a better or more developed country.
The country lags in industrial production because of the short-sighted and restrictive policies of the 1960s, which continued till 1991. There have been some obvious let-ups in government regulation of industry.
