India missed the boat on manufacturing but did good on service industry because the government did not have a way to control the flow of information. We say this in India - we flourish in spite of our government. While attitudes have changed (with both major national parties), protectionism still runs rampant for fear of losing their voter base. All said and done, there is hope that these restrictions combined with incentives could potentially kick start manufacturing in India - at least to the extent of sustaining domestic demand.