In my opinion as far as software companies are concerned, the gap is bridging. As computer/internet user base from India will increase the gap of consumer will fill up.
For instance few years ago we didn't had and e-tax filing website, but as e-return are catching up, few players have come up in this market as well.
I agree. Though it'll be interesting to see the direction it takes. India doesn't have a lot of small to mid-size tech companies - the true "disruptors". Business in India seem to be one of 3 types: 1) Huge offshoot of American company 2) Huge family house (Reliance, Tata, Birla, etc.), 3) mom-and-pop.
The first two have tremendous hierarchies and face the same disruption "problems" that any American company faces. The smaller mom and pops don't have the resources to compete.
It's hard for me to see where the Teslas, the Segways, even the MySQL's step in.