India's mood darkens as corruption undermines nation's self-confidence

Just a few months ago, India was preening itself in the global spotlight. World leaders were queuing up to visit, and President Obama famously declared that the country was not simply emerging: It had "emerged."

Yet the elation the nation felt then was short-lived. With India's pride buffeted on a daily basis by tales of collusion between politicians, bureaucrats and businessmen and reports of billions of dollars lost to flagrant corruption, the mood among the nation's middle class is distinctly crestfallen.

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