Many in India feel betrayed that neoliberal economic policies have not ended but increased fraud and corruption Corruption is not exactly new in India. Quite apart from the extensive historical evidence of its spread, during and after the "mixed economy" period of state planning, the "licence-permit raj" was regularly accused by commentators of breeding graft, constraining economic activity and forcing citizens to be at the mercy of corrupt officialdom at all...

The term “bottom of the pyramid” (BOP), coined by the late C K Prahalad, became wildly attractive in the early noughties, in part because the concept, which suggests that it is possible and legit to make money from the poor, provided a leavening justification for the Animal Spirits of capitalism in poor countries like India and China with their growing list of Forbes billionaires. On the verge of the second decade...