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Opinion

India's billionaires lack the ambition of their Western counterparts

High taxes, too much regulation and fickle governments the likely culprit

| India
Mukesh Ambani's son Akash Ambani, second right, and his wife Shloka Mehta smile at their wedding ceremony in Mumbai in March 2019: India's billionaires seem content with traditionally garish displays of wealth.   © Reliance Industries/AP

Rupa Subramanya is a researcher and commentator. She is a distinguished fellow of the Asia Pacific Foundation of Canada and the co-author of "Indianomix: Making Sense of Modern India."

On July 20, Jeff Bezos, founder of Amazon and at present the richest person on the planet, briefly left Earth, with his foray into space on Blue Origin, a space capsule underwritten by his fortune.

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