The Indian diaspora is not a capital-accumulating diaspora. The Indian diaspora is doctors, lawyers, professors. Or newspaper sellers. They are basically trade- or profession-oriented, and so they're not major investors in their home country.

The rate of growth of the management skills of any country is inversely proportional to the number of MBAs. Germany produces no MBAs, but America used to produce MBAs by the millions, and you saw the German economy, until at least the '90s, was certainly more efficient than the American economy.

Industrialisation is necessary. But acquisition is by no means the only avenue through which it can be achieved. The Cochin Airport is a prime example of this. Instead of choosing to acquire the land, the State asked the private parties to negotiate with the landowners directly. The State merely acted as an arbitrator.

There never is a good time for tough decisions. There will always be an election or something else. You have to pick courage and do it. Governance is about taking tough, even unpopular, decisions.