Jack Immelt on India

You might ask, with this great story, what keeps me awake at night? To which I would answer, a number of things. Devolution, defined by Webster as the surrender of powers to local authorities by the central government, is serious threat facing India. It stems from a process of gradual deterioration with potentially important political, social, and economic consequences. While some signs of devolution are already apparent in political and social contexts, questions remain as …

…of your managers have already retired, but continue to come to the office and collect a paycheck? The game is cost and quality. Everything else follows. Don't let up on the government. Keep pushing for changes that will create an environment where we all can be more competitive. Hold senior ministers and bureaucrats accountable. Stop being so accommodating. Demand good government. Be part of the solution. Return of the big bet? Unlikely without second-generation reforms. _________________________________________________________________