India's new prime minister, Narendra Modi, seems committed to boosting India's competitiveness by improving its business climate. What his plan lacks, though, is a strong focus on expanding labor-intensive industries.
Millions of adult Indians enthusiastically propagate a fairy tale that says once a strong government brings billions of dollars of "black money" home, India will cease being poor and take its rightful place among the superpowers of the world.
Whether new Prime Minister Narendra Modi's Gujarat state recipe can work well for all of India is problematic. India needs more competition, new ideas, new entrepreneurs — not new privileges for the rich