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India can’t become global economic giant until domestic multinationals flourish

A model of the 'Transit Elevated Bus' is on display during the 19th China Beijing International High-tech Expo (CHITEC) in Beijing, China, 19 May 2016. Getting stuck in a traffic jam can be one of the most frustrating parts of travelling around a busy city. Now engineers in China, the world's most populated country, have come up with a way to overcome the problem of getting around in traffic. Designs for a new elevated bus has been unveiled at a tech expo in China, which will apparently be able to carry 1,200 passengers over the top of cars and let traffic to pass underneath it. The scale model of the 'Transit Elevated Bus' was demonstrated this week at the 19th China Beijing International High-Tech Expo. The idea is that passengers sit far above other vehicles on the road, allowing cars to pass underneath. In a model of the vehicle, it appears to run on a set of fixed rails embedded on the road. It means the vehicle is more like a cross between a tram and a bus. Engineers hope the design will increase the availability of the road space, and cause fewer traffic jams than regular buses. It is also expected to save costs compared to other public transport options, like the subway.

..most of the Indian MBA graduates don’t work for domestic companies; instead, they are employed by multinationals. There are many well-educated Indians who hold high level managerial positions in firms in Silicon Valley and it is urgent for India to ramp up efforts to attract talent back. It is actually disturbing to think that so many high-level technical and management staff are working and creating great value for foreign companies.

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