Nandan Nilekani

Indian higher education is completely regulated. It's very difficult to start a private university. It's very difficult for a foreign university to come to India. As a result of that, our higher education is simply not keeping pace with India's demands. That is leading to a lot of problems which we need to address.

Privacy is a vast subject. Also, remember that privacy and convenience is always a trade-off. When you open a bank account and want to borrow some money, and you want to get a very cheap loan, you'll share all details of your assets because you want them to give you a low interest rate.

India's prosperity is sectioned by geography, such as in Bangalore, where the information technology industry is prominent. Because they have a conduit out of India, competing in the world by the Internet, it's not regulated in corrupt ways, and it is very prosperous.