India lacks ecosystem, capital to rival China's tech: Madhav Sheth
In an episode of Figuring Out, Madhav Sheth, CEO of Ai+ Smartphone, explained that India has the talent, demand, and labour cost advantage but lacks large-scale tech ecosystems, supply chains, and risk-friendly capital. Unlike China, where long-term government support and supply chain control helped brands explode globally, Indian brands are still battling structural gaps, he further said.