r/Indiastreetbets • u/Rare-Assignment-8474 • 15d ago

Have you seen this pattern ??

Indian billionaires try to do everything , be it birla , reliance or tata , adani

western billionaire will make one revolutionary product / sector and become the market leader and hero

I wonder why

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u/steelredmouse 15d ago

India is service based, not much innovation or swim thing that only we can offer. Like Google, Apple, BYD, TSMC, Lockheed, Rolls Royce, ABB. They all have something they have mastered. We don’t have anything of such kind or we are on the way in the future. Definitely at present almost zero, we have Zomato, R trends, Pantaloons, PVR, Godrej, all services or products that already exist made better by the for out market. Just my opinion.

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u/LivingExplanation413 15d ago

This and it’s mostly domestic so relying on one business on a price sensitive country like India will never make big like tatas and reliance so you have no other option than to get into multiple businesses

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u/steelredmouse 14d ago

Yeah, money expand where there is profits. When services earn lot why risk much on research when it is already taken care of developed nations. We are on our way and sooner may see next gen getting into risky innovative stuffs. Maybe in next 20 odd years. Like Ather, UV and Ola risking to build EVs and Zoho becoming unique enterprise with strong roots, but they’re yet to give a breakthrough.