China is already self sufficient in almost everything.
Lenovo makes PCs.
Inspur makes servers.
Xiaomi, Huawei, Lenovo and numerous other companies make smartphones and tablets.
China Unicom and China Telecom are by far the largest broadband providers in the world.
Huawei is the Chinese Cisco.
Baidu is the Chinese Google.
Alibaba handles more sales than Amazon and eBay combined.
The Tianhe-2 has been the world's fastest supercomputer since 2013.
The only thing missing is a Chinese Intel...
Not a big deal. China has closed the gap in everything else. China will close the gap in microprocessors.
Lenovo doesn't make most of the core parts of the PC.
Inspur still makes low to medium end servers.
Baidu is not remotely comparable to Google.
Tianhe 2 is based on Intel Xeon and Phi accelerators.
Don't get me wrong. China is indeed ahead of India. Just that there is significant gap between China and Global ICT and Electronic Industry.
How?
Memory Chips - Samsung, SK Hynix, Nanya etc.
Foundries - atleast 2 generations behind the latest
Display Panels- Even Xiaomi and other OEMs in China use display panels of Sharp and Samsung.
Fabless IC vendors-
Semiconductor Manufacturing Machinery - US leads
Software- China doesn't have any answer to Google or Microsoft. Remember China hasn't been able to produce any successful OS. The only ones it has produced use a lot of open source code and outside help.
And of course - Chinese Intel is no where near.
Chinese foundries are 1-2 generations behind the US. India does not have a single commercial foundry.
China at least has a domestic search engine. India does not have a single one.
The difference between 1 and 10 is larger than the difference between 10 and 20, since growth is percentage-wise every year, not additive. If you grow at 5% a year, it takes only 15 years to grow to 20, but 58 years to grow to 10 from 1.
India does have some foundries, which are 1 generation behind China's. But granted that in IC design and fabrication India is nowhere near China.
India is an open market. We use Google. We don't need to have a domestic one. Your Baidu developed successfully with the help of a closed market.
India is better at Softwares than China. Our IT industry service exports are around 60 billion dollars. We dominate the low-medium end market.