Dwayne Monroe wrote:

 > The Indian tech boom is the services version of the
> effective durable goods export strategy of Japan, S.
> Korea, Taiwan and so forth.

While India's GDP (at constant prices) has grown from $70 bn to $500 bn in 50 years, India's exports are only about 10-12% of the GDP. Software exports are about 20% of the total exports. Exports haven't been a very significant factor in capital accumulation so far, though situation is changing. Software exports alone could grow to $50 bn by 2010.

Ulhas