| May 18, 2003 - 04:05
In India Unbound I wrote about how India embraced democracy first and capitalism afterwards and this had made all the difference.1 India became a full-fledged democracy in 1950, with universal suffrage and extensive human rights, but it was not until 1991 that it opened up to a freer play of capitalist forces. This unique reversal, I think, explains a great deal about Indian society today, and particularly why the pace of reforms is so painfully slow.
| September 11, 2002 - 04:11
The essay attempts to address the following issues related to the structure of Indian business:
1) Indian business is overwhelmingly owned and managed by families. Is a family firm necessarily at a disadvantage versus a professionally managed firm? Will an economy based on smaller family business grow slower or be disadvantaged compared to one based on large professional companies?