The world is going through a breakthrough technology shift, which can help transform lives. The implications of technological advancement and evolution of nations is a good topic of research. America leads the technology boom and reinvents itself through economic cycles every 30-40 years. The Middle East, once known for oil monopoly is going through instability. More oil producers such as Venezuela would find it uneconomic to produce oil.
China joined the race for manufacturing a few decades back with its cost-effective skilled labor, with global manufacturing finding destination in China—but the country has already seen an economic slowdown.
Recently, India joined this race of manufacturing and industrial output with the Make in India initiative by the Government of India. While India is late in the race, being late could have an advantage as well of being the first in adapting to new technology.
India with its large population, strong consumer economy, investment in education,...