I attended an interview of a major non-tech CEO and he attributed the cultural attitude of Jugaad [0] as the reason why so many CEOs are of Indian descent.
I don't like to be a downer. But this Jugaad (or hack your way) attitude is one of the reasons why we (Indians) haven't become good at manufacturing stuff (unlike China). The world needs more solutions than hacks.
I don't think Jugaad is a significant factor in that disparity. China has a similiar, and arguably much worse, widespread philosophy called Cha bu duo (close enough)[1], and it doesn't seem to slow them down much.
[0]: https://en.m.wikipedia.org/wiki/Jugaad