In 1992, a sprightly Sikh gentleman swiftly climbed the steps of the podium at a law conference in the central hall of the Ashok Hotel, New Delhi. For one hour, without a scrap of paper, he lucidly explained the complexities of India’s liberalization process. He painstakingly forewarned the ecstatic audience, that in order to sustain growth and drive up the investments — especially the foreign investors— it was necessary “to create an environment facilitating growth”.