They come to India in a steady stream: Jack Ma, the billionaire owner of Chinese e-commerce behemoth Alibaba Group. Dick Costolo, chief executive of Twitter. Mark Fields, the head of Ford Motor Company. Sheikh Tamim bin Hamad Al Thani, the emir of oil-rich Qatar, who controls more money than Ma, Costolo and Fields combined.
That is just a sampling from the last week of March. The world’s richest and most powerful people are descending on India as on no other place on the planet. They started coming after Narendra Modi became prime minister 11 months ago and they haven’t stopped. “It’s like the gold rush in the United States,” says Naiyya Saggi, a Harvard-trained entrepreneur who has raised US$350,000 to fund Baby Chakra, a website specializing in advice for mothers. “It’s like that now in India.”