Why India lags behind in Software Product development?

1. Restrictive culture which hinders free thinking
2. Limited talent pool
3. Fascination for foreign things
4. Absence of Angle investors
5. Software piracy
6. Risk aversion
7. Long gestation period
8. Most of population is in lower side of Maslow’s need pyramid
9. Easy money in body supply
10. Poor government support for globalization