Banker, Blogger, Aspiring Author and Half-Marathon Runner
Varun Gupta is an Indian citizen and American resident. He is vice president in a major global bank based in New York City. His principal responsibilities include working with American businesses and help them get funding for growth and expand internationally. Prior to that he has worked for three years in management consulting helping large corporations solve complex problems and grow globally. He has spent his working life evenly split in emerging and developed markets that has helped him develop a holistic perspective of economy, society and life. A devout Arsenal fan, he is beginning to fall in love with the Giants and Celtics. He writes on economic matters, international relations and foreign policy and contemporary politics.
Varun holds an MBA from Indian Institute of Management (IIM) and BA in Economics and Accounting from Delhi University, India. He also holds a graduate diploma in Management of Innovation and New Technology from McMaster University, Canada. He grew up in Delhi and has lived in Delhi, NYC and London. Varun can be reached at firstname.lastname@example.org. His twitter handle is @intnlgypsy.
A reasoned debate on Kingfisher's default and Mallya's continued belligerence would force the government to modernize bankruptcy laws, privatize the banking sector or at the bare minimum make the banks accountable, modern and free of government influence but the whole debate is focused around who let Mallya out and how to bring him back. Unless we can learn to focus the debate on real issues and put our energy behind solutions, we will continue to have businessmen like Mallya profit at the cost of taxpayers.
India missed the industrial revolution that creates employment for millions of low- and medium-skill workers. Instead, it moved on to become one of the emerging leaders in the service/knowledge economy where only a few with good education and high skills prosper. This reflects in India's enormous income equality gap, which is larger than all the advanced economies.