From corruption, absenteeism in India
When I see the Indian elite, and I hear the talk about how India is improving all around, I feel I am observing a bubble. The reality out of the bubble is very different. People in the rural areas, just a few minutes drive from the elite bubbles, live in a literally different world. The reality on the ground: There is complete chaos.
One of the reasons why there are few world class Indian companies ( especially in non-commodity and non-service sector), is the inability to accept the facts, the hiding of the truth.
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