India’s taxpayer has won in a war on corruption, but may well be losing an equivalent money again as a consumer, or likely, as a taxpayer. We wish India’s telecom saga would be a Bollywood movie, with a happy ending. But what we have witnessed since the May of 1994, when India began slowly easing the state grip on telecoms to usher in everything from private players to mobile phones to the Internet, is a long-winding soap opera. In line with the spirit of the saas-bahu nation, we can announce that Reliance Jio is the much loved and hated new bahu (daughter-in-law) in this opera, impressing everyone and upsetting the older order. If you are looking not for entertaining conflicts but deep wisdom, it is this: India’s taxpayer has won in a war on corruption, but may well be losing an equivalent money again as a consumer, or likely, as a taxpayer. Does it matter if someone picks your right pocket instead of left to take out...