> Then why didn't the multinationals come to share technology and set up manufacturing in India?
Because the indian government didn't demand it as a condition of entry like the chinese government did.
Have you never wondered why western companies have to engage in 50/50 ventures with chinese companies into china instead of just entering china like they do every other country?
Look up Hero Honda, Maruti Suzuki etc. What happened was that the MNCs weren't interested at all. India followed with liberalization and removal of such "license raj" in 1991. Economy has done much better since.
Because the indian government didn't demand it as a condition of entry like the chinese government did.
Have you never wondered why western companies have to engage in 50/50 ventures with chinese companies into china instead of just entering china like they do every other country?