Energon
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This is true. It is reasonable to assume that India with a larger industrial base, skilled workforce, massive home market and a wider reach with foreign investors will become the more dominant player regionally. But you're totally right in pointing out that joint ventures and market commonality will help the local industry far more. Also Pakistan can very well carve out a niche market, particularly in raw materials.We may not like the idea but India will dominate regional market, the sooner we accept this and step into joint efforts to create a comon market the better it would be for our local industry.
Yes, some will lose but most will gain.
Also, it would be highly prudent for the Indian establishments to take strong measures in order to avoid getting carried away and pursue hegemonic business practices mirroring those of the West or the Chinese. The emerging Indian business houses are notoriously aggressive and competitive. I've had opportunities to talk to fair amount of executives who come here to the US in order to carry out mergers and acquisitions. Based on this first hand information it seems to me that my primary take on this imperialistic tendency was erroneous. It turns out Indian companies aren't aggressive because it is some sort of a centralized plan hatched to rule the world; the over exuberant competitive trait comes primarily from years and years of being suppressed by idiotic governmental laws whereby now they suddenly have to scramble to catch up with their Western and Chinese counterparts.
Nonetheless, they need to be extra careful when dealing with other countries on the Indian subcontinent.