One of the consistent themes of this blog has been that India should think big. My favorite quote in this context is from Daniel Burnham, the fabled Chicago architect who said that we should think big:
Make no little plans. They have no magic to stir men’s blood and probably themselves will not be realized. Make big plans; aim high in hope and work, remembering that a noble, logical diagram once recorded will never die, but long after we are gone will be a living thing, asserting itself with ever-growing …

For 55 years, the Congress has been the party in government of India. India has been a command and control socialist economy, which implies that politicians who controlled the license-permit-quota-control raj had the opportunity and the means to collect rents from businesses and put them away off-shore. This is not the most surprising thing in the whole world.
I am sure that if I had the opportunity to grab billions of dollars, I would have been sorely tempted. I most certainly don’t claim to be totally incorruptible. If the system …