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It’s interesting that such events would occur repeatedly. Surely by the third or fourth time folks would wisen up and demand to see a sufficiently large letter of credit, an on-the-record government guarantee, etc.?
India is a very stable system, it's extremely reluctant to change for some reson. A strong thermodynamic equilibrium.
1/2 of political elites in Pubjab are direct descendants of 19th century unionists, who completely changed their political alignment like 4-6 times, from unionists, to pro-independency, to nationalists, to communists, to pro-business, to regional autonomists.
The same process in Bengal, or the West Coast will probably go back even further, to Mir Jafar, and Tipu.
I myself see not bigger, but more proportionally favourable prospects for manufacturing in Pakistan, and Bangladesh.
To this day, Bengali electronic makers are still bigger than Indian, despite all the investment going disproportionately to India, and Indian domestic capital being many times larger.
