Indian companies should concentrate on product creation; rather than being only service providers. It seems most of the IT/Software Firms especially, the upcoming KPO sector aims at providing services only.
If India has to stand in world market or become an economic superpower Indian companies will have to lead the market rather than just providing services. Being a service provider will provide a short term standing and will make Indian companies depend on others. Hence, the actual power/strength will not remain with them. They should rather aim to become market leaders, by concentrating on product development.
At the moment what I see is, most of the so called Indian bigwigs do not control the market, they struggle to earn foreign exchange. It is more like other economies/companies are the masters with the bone and these companies are the dog; waiting for the bone to be thrown at them. With strong determination, talent and right strategies these roles can be reversed; putting Indian companies in the real limelight.
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