Backed by strong domestic demand and prudent financial-sector regulation, the Indian economy has sailed through the global economic downturn in stride and is expected to grow at a respectable rate at or above 7% in 2012. However, new challenges have emerged in parallel, such as spiralling inflation, a devalued rupee, delays in critical reforms and the attendant waning investor confidence. And, as India’s “summer of discontent” last year demonstrated, anti-corruption sentiment reached unprecedented levels, leading to one of the largest civil society movements since Indian independence....