If India is to live up the expectations of its own people and become a successful middle-income country in a few decades, the country has multiple problems to solve—its sclerotic politics, its clogged infrastructure, its choked judicial system, its lack of investable capital, its interfering and inefficient state. But perhaps the greatest hurdle is its poor stock of human capital. ...

We’ve all heard that Apple Inc.’s iPhone X has been difficult to make. Add to that one word: the iPhone X is difficult to make profitably. Chief assembler Hon Hai Precision Industry Co. just reported iPhone-quarter earnings that missed estimates. What’s more, third-quarter gross and operating margins were the worst in at least eight years. Apple’s late release of the ...

The Senate’s tax proposal would disrupt the disrupters: By taxing stock options at the time of vesting, rather than when they’re exercised, the change would push startups toward cash compensation. Venture capitalists say that would be expensive and harmful to innovation. But the reality is that changes in Silicon Valley financing culture over the last decade have made equity compensation ...