India has been grievously let down by its companies and by its CEOs.
It has been let down by them not just because of what they have done - participated in one of the most brazen festivals of crony capitalism in the known universe - or what they have not done - built up genuinely innovative companies, invested in research, shared the fruits of development with labour - but also because of what they have said.
They have blamed everyone else but themselves for the failing Indian growth story; they have pushed wildly contradictory narratives for its failure; they have whined abroad while being loud sycophants at home; they have abandoned India's quest for integration into the global economy, while taking their own investments and assets abroad.
There are individual exceptions, men and women and companies who should be saluted for openness and integrity. But far, far too few.
Text: Mihir Sharma, Business Standard