Tata Elxsi's Brink of Collapse and India's Manufacturing Decline

Tata Elxsi, a company within the Tata Group, was almost shut down in the early 1990s because it was losing a lot of money.

Ratan Tata, who cared deeply about the company, was very worried.

A new CEO named S Devarajan took charge and turned things around.

The company started doing well again and became important globally.

Around the same time, India stopped making many electronic products because it was cheaper to import them.

This happened because when India opened up its economy, companies from other countries like Taiwan and Japan could sell their products more cheaply.

Now, India is trying to make its own electronics and semiconductors again, but it's a slow process.