Manjeet Kripalani, Director of Gateway House, was quoted by Arindam Mukherjee –
“Of course, the recent spate of corruption scams has not helped matters. Says Manjeet Kripalani, executive director, Gateway House, a policy think-tank in Mumbai, “The developed economies of the West are actively cleaning up their systems. We, on the other hand, are falling deeper into the pit of irrelevance, and are at the point where we have nothing to offer in terms of investment—not even our vaunted large market.”