Having overtaken the UK as the world’s fifth largest economy and with a chance to overtake Germany and Japan in less than a decade, the question is whether the country has the institutional capabilities to match this ranking. The country’s poor reputation as a business destination, the growing presence of business oligarchs and arbitrary functioning of the judicial system raise doubts on this score. In delineating its international image, India needs to decide what it wants to be – a power player or one that builds on its soft power and values, says T N Ninan. Read it