Moving towards an IP-centric economy

A product mindset will help drive business growth

- AJAI CHOWDHRY

At a time when the US and China are vying for global dominance, India must reflect on its global role in the coming decades. Today, every country is exploring ways to get strategic autonomy by becoming self-reliant in key technology areas such as in AI, quantum, defence, drones and other dual-use sectors.

This is bound to find resistance from the West and China alike. China's rise did not bother the US and Europe until the cheap Chinese labour was supplicant to technologically sophisticated Western firms. However, once Chinese firms entered domains dominated by Western companies, the West started resisting China's rise. India too will face similar resistance from China as no incumbent vacates the seat without a good fight.