Due to all of the above self-imposed constraints, an industry that could have been a multi-billion dollar industry generating employment for tens of thousands has been hobbled and India is in the unenviable position of having to use Chinese technology in critical applications in the future. All the points mentioned above have been mentioned in various communications with the relevant ministries for the last several years, but there seems to be no resolution in sight. Here is what needs to be done…
The above steps will remove a large number of handicaps faced by industry. It is imperative that these steps are put in place immediately or the technology gap that needs to be overcome will be insurmountable. For the sales side, since the government has hobbled the industry for so long, the following incentives may be considered…
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam

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In 1947, India had a tryst with disaster. The still unfolding colonial "Shake the Pagoda Tree" tyranny, and grotesque "Divide to Rule" Constitution. Aptly described by Bandit Jabberlal Neckscrew in the immortal words of his Harrow Master exiting the Staff Toilet: as, "Not fully, but substantially".
The Government of India Act (1935) that was modified by Sir Maurice Gwyer for Nehru and Ambedkar to plagiarize into the Indian Constitution envisaged that the Governor General representing the British Crown would attend to Defense, National Security and Foreign Policy, while the Council of Princes (now known as Rajya Sabha) would maintain stability and cultural continuity. But with their abolition, India has enjoyed a vacuum in all these spheres since 1949.
One symptom is that India looks to foreign countries for leadership and initiatives in these areas while focusing on Loot, Rape, and Persecution (including reservations) within the Country instead of on becoming powerful.
The British were ruthless. They did everything the Nazis did before the Nazis did. But they won and the winners write History. But they did have certain redeeming features which is why they were able to get so many natives to build their empire for them. One such quality was a deep sense of fair play that had been inculcated in them since the days of Elizabeth the First, built on the much earlier foundation of the Magna Charta which not only helped them escape the rigours of proletariat revolutions that took place in Russia, or France but build a powerful nation.
This is why, to weaken and enslave India, they induced the enshrinement of inequality under law, exceptions to the rule of law and "many nations" in India's Constitution, thus taking away their principal contribution that had stolen away men's hearts and minds from the Sultans and the Rajas, to risk and sacrifice their lives for them. In other words, with this one deft stroke of Constitutional legerdemain, they returned India to what they had found. A patch work quilt of raping, looting petty potentates.
They accelerated the transformation by inspiring their stooges who ruled India after them with "Social Engineering" and turned the pyramid upside down to put power in the hands of those least capable and keep it away from merit and integrity. Thus it is that we see India today, a law less Nation in a constant state of Civil War, reduced to 135 out of 172 countries (and below Sub-Saharan Africa) in the Global Human and Social Development Index (UNDP – 2015) and 143 rd out of 172 countries in internal Peace and Stability (UNDP – 2015) , home to 30% of the World’s poor (World Bank 2016) and with the highest number of Bomb Blast in the World 2016) pushing Iraq to a lowly second place with just half as many; in just 67 years.
When the British pushed "reservations" as part o their divide and rule policy into Mysore through the Maharaja, the Diwan, Sir M. Vishweshwaraya who has done more for ALL the people of Mysore than any man save Sir Mark Cubbon, resigned.
The words in his resignation letter were as prophetic in its way as Sir Winston's prognosis for India. "Only the very best competence and integrity can help raise the wretched of the earth to the status of human beings. There is no short cut. You cannot elevate the wretched and expect them to do the work that the most talented and competent find arduous" Today Mysore has been more thoroughly trashed than any other state of the Indian Union because there was so much more to trash.