That latter trade amassed a grubstake for the two sons in a chemicals maker, Vam Organic, that would gain from the remaining license raj in India.

FORBES: Pharma and Fast Food Fuel the Jubilant Bhartia Group

Empowered by new IT, that is exactly what Indian entrepreneurs like Narayan Murthy, Nandan Nilekani, Ajim Premji and Shiv Nadar began doing about 30 years ago, breaking through the Kafkaesque bureaucracy of the Indian License Raj.

FORBES: Two Technologies Propelling India Forward

While Congress has freed India from the "Hindu rate of growth" and the spluttering license-raj system of the socialist era, there is one "liberating change" it has not been able to pull off the liberation of itself from the Nehru-Gandhi family.

WSJ: Bookshelf: India's Past, Present, and Perhaps Future