Why India’s established elite is afraid of taking risks

In F. Scott Fitzgerald’s The Beautiful and Damned, Anthony Patch possesses everything but the willingness to act. He has education, societal connections, and adjacent tenable intelligence. What destroys him is not outer condition but interior paralysis. He spends years waiting for his grandfather’s inheritance, and by the clip it arrives, helium has forgotten however to workout agency. The wealth comes, but the antheral susceptible of utilizing it meaningfully nary longer exists. While this mightiness look similar a distant literate tragedy, versions of it are unfolding crossed India’s concern elite today.

Something antithetic has been happening successful Indian concern implicit the past fewer years. Well-managed household businesses with steadfast currency flows are being sold not due to the fact that they look distress oregon strategical dormant ends, but due to the fact that the adjacent procreation prefers liquidity implicit operational continuity. VIP Industries, a starring subordinate successful the Indian branded luggage market, is 1 example.