Sujai Karampuri has posted a blog entry on “Need Product Companies for India’s Growth”.
The author makes the case that to be able to scale to become a global economic power we need to go beyond the IT service model and step into technology products model. Unfortunately, in the last 1yr, I have seen little evidence of that. Sure there are startups coming up here and there, but few are coming up with technology products. In facts less than 10% of the people in IT industry I met in the last 1 yr work in product companies. And none of them worked for an Indian product company.
There are a few people I know who work in product development teams of US companies, but even among them there is a distinct lack of true ownership of product development. (I will write about that in another entry).
So what does it take to make that leap?