Fleeing Billionaires: The Real Reason
R. Jagannathan in his article titled “Wooing billionaires & HNIs” published in Business Standard recently wrote that India needs “patient capital” or a booming plea for Indians and Indian Diaspora to invest in India. He asked, why do our wealthy continue to pack their Louis Vuitton luggage and say tata-bye-bye to Mother India? The answer isn’t rocket science. All it takes is a little honesty, a little introspection, and a little less finger-pointing. Take the case of Salman Khan. Eternal bachelor, permanent controversy machine. In January 2014, just before elections, there he was — flying kites with Narendra Modi in Ahmedabad. Salman smiled, called Modi a “good man,” but stopped short of endorsement. Clever man. At that time, his hit-and-run case was hanging like a noose. In 2015, BJP in power, a sessions court gave him five years in jail. By the end of that year, Bombay High Court acquitted him. Coincidence? God’s grace? Call it what you will. But Salman never converted into a...