There seems to be a crisis in leadership in Corporate India today. Why is this and what are the traits a good leader needs to survive today?

I do not think there is a crisis but the earlier generation of leaders are fading out. We are yet to see the new generation in a dominating position but there are very many great leaders like Anil Rai Gupta of Havells who are making an impact. We are in the transitional phase, the change after the Liberalisation generation of leaders.