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."
Opinion
India's billionaires lack the ambition of their Western counterparts
High taxes, too much regulation and fickle governments the likely culprit
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
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