World Economic Forum – India derailed.

Such is the faith of people in India that problems, challenges, opportunities, and any successes are often attributed to a divine force – the almighty. I remember a raging argument with my mother when I was a child, in which she basically justified her in-action by citing the same – “if it’s meant to be…”, which I’ve always seen as a cop-out as she avoided taking responsibility for an action.

Well, the reason I mention this is that having participated in the World Economic Forum’s India Summit in Mumbai earlier this week, India’s political & business leadership reminded me of the raging argument between my mother and me. Just that in this case, India’s much celebrated captains of industry became my mum for two days.

The problem is that everyone now recognises that the challenges India faces are possibly too big to overcome. The shine has truly come off. The penny’s dropped and they don’t know what to do. So they’re happy just to bumble on and see what happens (if it’s meant to be…)

Such was the elation of the mid 2000’s, that she was pleased to have been invited to the G20, and other international platforms, it seems that they’ve forgotten that if they desire global recognition, they need to offer solutions that fix problems.

Take, for example, the construction industry which itself will see an investment of a trillion dollars over the next ten years, but where are the skilled tradesman? In a similar fashion, take any profession and you arrive at the same problem.

India’s much talked of demographic dividend stands to turn into the exact opposite if practical solutions are not found. It’s far too easy to say that the private sector needs to play a role by harnessing the opportunity. India’s government needs to follow through by creating a favourable policy environment, else… the risks to her growth are simply too significant to consider.

I’m quite a positive guy, but this Summit knocked the stuffing out of me.

Corruption, a bloated bureaucracy, a ego, all stand in the path of progress. That’s what the India Summit confirmed in my mind.

Is the UK a corrupt nation?

That corruption in India is an issue is not news to anyone. Just look at the news headlines being generated by Anna Hazare’s attempt to reshape the Lokpal Bill. You see scores of everyday people piling in behind this, BUT…

What I’m dismayed about is the manner in which big business has keep out of the fray. In a country that accords celebrity status to the likes of the Ambani’s and other businessmen / promoter families, why is there such a deafening silence?

I’ve often canvassed opinion on the issue of corruption in India, and the overwhelming opinion of businessmen is that paying people off is justified as long as it progresses their matter! It’s the cost of doing business in India.

Aggrieved that I’m accusing their country of being a shady place, they quickly retort by asking rhetorically whether our business practices are cleaner and cite examples such as BAe systems case dropped by the Labour government in the national interest. Or more recently, the hacking scandal that’s engulfed the media industry. They also cite the parliamentary expenses scandal as another example in which the UK is as corrupt a society as India.

So, what’s your view?

25 crore for your vote!

With theatrics in the Indian parliament at an all time high today, I thought I should write a piece expressing my astonishment and anger.

I was shocked by the scenes in the Lok Sabha of opposition MPs waving bundles of cash at the Treasury benches. By doing so, confirming that the UPA did everything it could to buy votes for the confidence motion. I also want to make it clear that I don’t limit my comments just to the UPA, the simple fact is that they’re all at it.

The next time I have to sit through a speech from an Indian politican about the strength of democracy in India, I’ll be sure to remind them of their glorious day today. I hope their heads hang in shame.

You can’t be at the cusp of economic greatness and resort to such naked profligacy at the heart of the world’s largest democracy.