New Delhi, Nov. 12 -- Zoho co-founder Sridhar Vembu emphasised the need for India to develop deep technological capabilities to become a resilient, high-income trading nation, warning against perpetual dependence on importing high-value technologies while exporting low-value products.

"We want to have a global outlook. We want to be a trading nation. But to be trading on equal terms, we need capabilities. Many people, however, do not understand it. The fact that you can buy it does not make you resilient; additionally, a value mismatch is present. I mean, the classic example I give is that you cannot export only oil and buy all technologies. Middle Eastern nations realise it now. Similarly, we cannot export low-value-added products and b...