Why doesn't India have as many tech unicorns as China does?

'Why doesn't India have as many tech unicorns as China does?

While the Indian IT sector has successfully created impressive tech clusters and thousands of jobs, growth has mainly come from providing cheaper manpower, says Professor Amit Joshi of IMD Business School....

According to the Economic Times, by mid-2020, India had 21 start-ups that had achieved the “unicorn” status of valuation over US$1 billion, with a cumulative valuation of US$73 billion. 

In contrast, China had over 10 times as many unicorns at 227 . Indeed, 11, or over half, of the Indian unicorns have Chinese investors.

While the Indian IT sector has successfully created impressive tech clusters and thousands of jobs, growth has stemmed primarily from trading off salary arbitrage – providing work more cheaply that could have been done in a customer’s home country.'  CNA

India should not be too worried about this development. India does not need to have too many of its own unicorns or big IT companies.  All it needs to do is to take over all the American unicorns and big IT companies. Most of these companies would eventually be owned by India or at least headed by Indians. Added together, India would have many times more unicorns and big IT companies than China. India and Indians are in the process of taking over the USA and Europe. Singapore is already almost taken over by India.

India and Indians are on the march to become the number one superpower in the world without having to do it the hard way. They only need to 'colonise' the big companies in US and Europe by having Indians to take over and populate these companies. Once the Indians are in control of these companies, they would become India's. No need to sweat the small stuff.

And American and European companies are all ripe to be taken over as there is a lack of white talents in America and Europe, so too in Singapore. Indians are the best and most talented people to take over and run these big companies as their own, even running Singapore. Just fire the original employees and replace them with Indians. A simple and very effective formula when such companies have lost control, when the owners did not know what is happening or did not bother...and want the easy way out, collect money and not wanting to do the work, let the Indians do it for them.