India's management conundrum

On the cusp of the third decade of the 21st century and after Nearly three decades of economic liberalisation, India is struggling to create a vibrant business climate

When you line up people from India Inc who have dominated news from the latter half of 2017 to the end of 2018, examples of poor management, due diligence, business judgement and outright fraud abound. 

Nirav Modi, Vijay Mallya, Naresh Goyal, Subhash Chandra, IL&FS, Chanda Kochhar, the Ruia family, Anil Ambani, Shikha Sharma, Rana Kapoor… 

The notable successes, on the other hand, are conspicuously few: Mukesh Ambani, Ritesh Agarwal of Oyo and Flipkart duo Sachin & Binny Bansal (but only for making a successful sale). 

So: Are Indian businesspeople, managers and bankers sub-par or are they victims of a sub-optimal business environment, where