A Quote by Bhavish Aggarwal
China rightly identified consumer Internet as important and moved to protect it, and we need to do the same in India.
Related Quotes
In terms of building consumer products, the U.S. and China are ahead of India. The interesting opportunity for India is whenever there is a disruption in technology, it gives every country a chance to leapfrog and take a lead. To take an example, China is leaping ahead in growing the China electric vehicle ecosystem.
The American consumer, even today, the weight of the American consumer in the global economy is China plus India doubled. So, it's tough to replace that.
China also has moved away from its original status of purely producing basic, what you call, consumer commodities and Chinese companies are moving beyond China to various parts of the world.
India does not need to become anything else. India must become only India. This is a country that once upon a time was called 'the golden bird'. We have fallen from where we were before. But now we have the chance to rise again. If you see the details of the last five or ten centuries, you will see that India and China have grown at similar paces. Their contributions to global GDP have risen in parallel, and fallen in parallel. Today's era once again belongs to Asia. India and China are both growing rapidly, together. That is why India needs to remain India.
China invaded India, and there was a war between India and China in some of the disputed terrain in 1962, and India got hurt by that.
While the Internet is important for us, India is also necessary for the Internet with its 1.2 billion population.
In China, you just don't have the space for civil society and independent discourse and free media that you do in India. That's why India's success is so important as the world's largest democracy.
Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
When I moved from consumer banking to international banking, I thought I brought a lot of insights from India we could implement globally.
India has probably lost its position to China as the world's workshop. At the same time it has the power to be ahead of China when it comes to knowledge. Not that the Chinese are far behind. They will get there. But our challenge is to invest sufficiently in education.
My whole life I grew up thinking there is one Internet, but there are actually two, one in the rest of the world and one in China. The one in China is advanced and hi-tech, but it's a scary Internet.
Of the three largest Internet markets - the U.S., India, and China - you will increasingly see Indian and Chinese companies partner.
I want to clear this once and for all. I was born in Hong Kong. I grew up in Japan and China. London is not home for me. I was there only for three years before I moved to India, but that's probably why I am connected with it. London is definitely not the place I consider my home. It's India that I consider home.
Burma wants to have good relations with our neighboring countries, China and India. I do believe the United States itself wants to live in harmony with China and India. That's why we have to lay down political policies that are fair for everyone.
I would say the consumer Internet companies - in a lot of ways, if you go inside the consumer Internet companies and you see how they run, it's how all their businesses are going to run.
The western model of growth that India and China wish to emulate is intrinsically toxic. It uses huge resources - energy and materials - and generates enormous waste... it remains many steps behind the problems it creates. India and China have no choice but to reinvent the development trajectory
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