I was quite young when the Harshad Mehta scam hit the headlines and the stock markets crashed. Since I was never fascinated by gambling money in stocks and was busy chasing my own dreams, I did not pay much attention to the hysterical front page stories that used to come out in newspapers! But yes, I was concerned about the direction of India both as an economy and a society. The abysmal GDP growth rates reported in those days used to make me think about the future of entrepreneurs in India. India’s pathetic education, health and infrastructure scenario used to make my blood boil in anger and frustration. I sometimes thought India doesn’t have a future. I still get angry at the state of India. But now I am convinced that India has indeed a great future – particularly at a time when we seem to be getting bad news from everywhere. For a while, I was flabbergasted when some colleagues informed me about the downfall of Satyam and Ramalinga Raju. But then I thought for a while and realized ...
Dr. Arindam Chaudhuri
(An IIPM Think Tank Blog)