Categories
Musings

Indians taking their business elsewhere

This week’s economist had a wonderful article
To sum up, India has created a cess-pool where wealth is not created by ideas, innovative products & services but through crony capitalism. The recipe for success in today’s India is licenses, government contracts & concessions. If you don’t believe me, google the name of the successful businessmen and their growth engine.
After the IT boom, the wealth has been created in areas of mining, telecom or areas with heavy government involvement/contracts. Many of these involved questionable means, process & pricing. Many businessmen are moving operations abroad (Flipkart, Mittal group, sterlite etc.). Many of the heads are even trading Indian citizenship in favor of lesser stress countries. (heads of Tata, Jet etc.)
Traffic jams for office commute, arranging for water, LPG & electricity are eating so much of our time that we are sucked out of our creative juices. Blaming the politicians are easy… but remember its we who elect them. They respond only to the aspirations & pulse of the nation.