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Nothing’s Simple in India

I just finished an excellent novel set in India, The White Tiger by Aravind Adiga, and this NY Times Article about Indians from America returning the motherland. Both provide a great counter point to the popular narrative of the opportunity in India. While there is great potential for growth, inefficient government, crippling poverty, and rampant corruption are an often glossed over part of the story. Its one reason I am hesitant to invest in China and India — I don’t have enough local knowledge to account for the corroption and regulation that play such a huge part in picking winners and losers.

But I guess you could make that argument about the US too…