Do you think the increase in India's technological prowess will make them a more competitive world power? How long will that process take?

As the years have gone by, India has gone through a technological renaissance. their level of people going to high level universities as risen, and alot of factories and businesses are establishing buildings in India. Do you think that as time goes on, that India as a whole will eventually be on a level on par with that of more modern first world countries? And if so, what do you think the ramifications of this would be?

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