Reimagining India – Eric Schmidt

The last segment is priceless. And I quote here:

India’s impact

India has had a big impact. Sun Microsystems was founded by someone who’d been to an IT university in India. And here in Silicon Valley, there is evidence that 40 percent of the entrepreneurs are Indian foreign born. So it gives you a sense of the scale and reach of Indian entrepreneurs outside of the country. So the problem is not the Indians, the problem is the country. And the country appears to be relatively dysfunctional politically, and has some corruption issues. You can see the potential when the Indians come here. Imagine if they were there and they were doing the same things with the same kind of structure. They’d change the world.

There are some portions of the interview which  may seem condescending towards India – for some viewers. But if you look at it objectively, it is the truth. For example, where he talks about the state of the broadband in the US vs India.

There are some great observations as well – for example, the potential of 4G LTE to disrupt the internet space. I think he is right. It is difficult to improve something as physical as broadband infrastructure. However, the cell phone telephony infrastructure is already there.

Similarly is the alternative of improving on wifi hotspots. This way the high data rates are avoided.

Source: mckinsey.com

 

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