Where India fails

people say "by 2020 India is going to be the second largest economy after china!!" How many of you agree?? I certainly do not agree with it.

Where India fails?
1. India is predominantly the back office of all the major companies in the world!! ya, India is the IT hub of the world!! but for how many more years? The world prefers India cause labour force is cheaphere!! but now chinese people have started speaking English and the IT industry is moving towards countries like china, africa, Vietnam etc.

Coming to the bigger picture, Where India lacks?? Inventing our own technology!! We do have Reliance petrochemicals, Tata cars, Tata power etc, the list is long!! but how many of you people know that all the technologies they use are bought from the west!! L&T makes buildings super-fast, but all the technology they use is bought from the west.
If the tats, ambanies, birla take a small part of their fortune and invest in R&D, most of the technologies can be procured for less then half the prize. I have already lost hope with the indian government.

What India needs today to save itself is more entrepreneurs!! India should start inventing technology. All these IT and BPO jobs are not going to stay here for long.
Unless we manufacture our technology, things will get costlier with time and there will surely be a day when only the rich in this country have access to basic amenities!!

Jago Bharat!! Come out of the dream that India is in a boom phase. It is all media hyped!!