The Foreign Policy piece tells us how China and India will shake the world. They focused on educations and research & development first. China has built world-class universities, while India has $10 billion R&D industry.
The first generations of Indian startups focused on selling IT services, and the Chinese developed copycat web technologies such as Baidu, China’s Google rival, and Sina, its Twitter clone. But they are going beyond that now. They are gaining the knowledge — and developing the confidence — to create innovative products, not only for domestic markets, but also for global ones.