Guy Kawasaki has a nice post on creating a new Silicon Valley. If I contrast his recommendations to the general policy making in India, the following stand out:
We do not seem to have any plans to:
Focus on educating engineers.
Send the best and brightest to Silicon Valley
Our goverment is not a believer in this:
Don’t focus on “creating jobs.”
Don’t pass a special tax exemption.
Don’t create a venture capital fund.