The increasingly global business environment does cause us fits in classifying some billionaires, however.

FORBES: Coming: The Trillionaire Issue

"The global environment is improving, some policy action is happening in India that will boost overall business sentiment and improve the investment climate, " said Sujan Hajra, chief economist at Anand Rathi Securities in Mumbai.

BBC: India's economic growth rate slows to 5.3%

Last week, on the 40th Anniversary of Earth Day, I found myself in an interesting discussion with business leaders in one of our Executive Education programs at Thunderbird School of Global Management, focused on the roles of business and government in creating not only a livable and sustainable environment, but a stable and predictable society.

FORBES: Environmental Regulations: The New Frontier