1. Unless otherwise cited, all quotes come from my interviews.
2. David Pilling, “India’s Bumblebee Defies Gravity,” Financial Times, February 15, 2012. For a fuller discussion of the drivers of growth for MNCs, see “Winning in India,” McKinsey Asia Center, 2011.
3. “Top 10 Abuses of Power,” Time, May 17, 2011.
4. James Crabtree, “India’s Growth Threatened by Old Abuses,” Financial Times, May 15, 2012.
5. “Decision to Amend IT Act Retrospectively ‘Capricious,’ Says Economist Raghuram Rajan,” Economic Times, April 12, 2012.
6. “Act or We Could Become Banana Republic: Tata Strikes Back,” Indian Express, November 27, 2010.
7. “The Regulator Without a Fan,” Business Today, June 24, 2012.
8. The phrase “new Hindu rate of growth” ...
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