According to Vohra, India is entering one of the biggest transformations in the global economy since the Industrial Revolution. For Vohra, this is not simply Vietnam's success story—it is also evidence that India failed to capitalize on an opportunity during a period of major shifts in global manufacturing. India's economy may be expanding in rupee terms, but international comparisons are made in US dollars. Vohra argues that while China built its economic strength through industrial production, India remained heavily dependent on services. He argues that India has invested far too little in scientific research, industrial innovation and advanced manufacturing capability.