Frustrated India’s billionaires want to shift base overseas

Several Indian billionaires say they are frustrated enough to want to shift base overseas and run their increasingly transnational business empires from cities like London and Singapore. “I’m sick and tired of what’s happening here. I don’t want to live in this country anymore,” said one of India’s biggest barons.

The reasons are mainly two-fold: the policy paralysis brought on by a politically weak and scam-struck government, compounded by obstructionist competitive politics; and the climate of fear that has spread because of the raids on and arrests of businessmen. They have a third, more specific grouse (not that it’s new): the time and hassle it takes to get environmental clearance and acquire land.

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Screw Business as Usual – Richard Branson: Time To Rethink ‘Business As Usual’

Richard Branson has built a global business empire around the philosophy “have fun and the money will come.”

As the founder of Virgin Group, he grew a mail-order record company into a major record label and a chain of record stores; he started an airline; he created a space tourism company; and he has been actively involved in humanitarian efforts.

Now, Branson argues that it’s time to rethink the way businesses function. You can make money, he says, by doing good. In a new book, Screw Business As Usual, he posits that businesses can make a profit and actively care about people, communities and the planet at the same time.

Branson joins NPR’s Neal Conan to talk about his new philosophy.

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