Mumbai Attack Is a Tipping Point for India

- Prashant Agrawal I moved to Mumbai six years ago from New York City, and I have seen India change with each terrorist attack. Wednesday night's attack will prove a defining turning point. India will go from being "resiliently defensive" to "resolutely offensive."

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To understand the impact on the financial capital of India one needs to know the unique place the Taj Mahal Hotel and the Oberoi Complex (both the Oberoi Trident and the Oberoi) play in the fabric of the city's life, especially for its professionals. The Taj Mahal Hotel and the Oberoi Complex are not just the Four Seasons and Pierre of New York City. They are Mumbai's lifeline and blood. As a consultant and a hedge fund manager, I, like thousands of Mumbai professionals, could count on being at these hotels two to three times a week. In any given week, more than a dozen conferences are being held at either hotel attended by the city's lawyers, bankers, consultants and entrepreneurs. The hotels are the Ellis Island for foreign firms and foreign professionals. Whole floors of these hotels serve as offices. The first outpost office of any major MNC is the Taj or the Oberoi: McKinsey, Blackstone, Texas Pacific Group, the list is endless. More...

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