New Delhi, Nov. 10 -- Well begun, Mr Goyal!

Are Indian entrepreneurs lazy, risk-averse, unimaginative, tight-fisted, control-freaks? Well, it would seem so, going by the current debate on why India, the world's fourth-largest economy on track to be the third-largest soon, doesn't have any global consumer brands to speak of.

Addressing an event organized by industry body Ficci (Federation of Indian Chambers of Commerce and Industry) in August, commerce and industry minister Piyush Goyal held the lack of ambition among Indian entrepreneurs as the factor for the country's inability to produce brands with global recall. It's a lament he's repeated from several public platforms subsequently.

Some of the Indian corporate leaders, such as Uda...