(Washington Post) NEW DELHI — Over the past decade, the number of cellphones in India shot up from 6.5 million to 900 million, a prime example of how an industry could exploit the vast consumer market here to achieve breathtaking rates of growth and, in the process, help transform the country.
But that success story is starting to turn sour as a combination of greed, corruption and incompetence threatens to arrest that growth. Instead of being an advertisement for India's economic potential, the telecom story has become an example for foreign investors of the perils of doing business here.
It also serves as a parable for the nation as a whole, of how India's dysfunctional systems of governance threaten to undermine the private-sector success story of the past decade.
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