The writer is the chairman of Brookings India and senior fellow, Brookings Institution.
Indian business needs to change. It is regarded as a contributor to the unjust social order
The point is that there is a strong undercurrent of dissatisfaction and public outbursts of anger are being triggered by the slightest spark. This is directed not just against the government. It is also targeted against business.
A look back on the response of Indian business to the Third Industrial Revolution (computers and IT) suggests that many Indian businessmen lost sight of this fundamental verity. (Representational image)Indian business is in trouble. Its markets have shrunk, credit flows have choked, competition has squeezed margins and technology has disrupted conventional business processes. Jugaad has limited upside potential.
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