Among them , Vaishnav cites a J.P. Morgan study of 50 of the central government 's stalled investment projects : 40 of them fell through because of state , and not central , red tape . Ravi Agrawal : India 's business culture could profit from being more like China 's . Text: I'm not sure if this is a good idea or not, but it seems to me that the Indian economy has been very successful in terms of growth and innovation over the last few decades While new leadership can focus on economy , it 's not so easy to reshape a nation , he says . Agrawal : For real change , the impetus has to come up from the bottom up .
Ravi Agrawal : India 's business culture could profit from being more like China 's . Text: I'm not sure if this is a good idea or not, but it seems to me that the Indian economy has been very successful in terms of growth and innovation over the last few decades While new leadership can focus on economy , it 's not so easy to reshape a nation , he says . Agrawal : For real change , the impetus has to come up from the bottom up .