'Crony capitalism and oligarchy': 'Remarkable correlation' between Adani's rise & Modi’s ascendancy
Summary
Indian journalist Paranjoy Guha-Thakurta discusses the close relationship between billionaire Gautam Adani and Prime Minister Narendra Modi. He highlights concerns about crony capitalism, where wealthy business people and politicians work closely together, affecting fairness and accountability in India.Key Facts
- Gautam Adani is a billionaire industrialist in India.
- Paranjoy Guha-Thakurta is a journalist and investigative author who studied their relationship.
- There are U.S. investigations into Adani related to corruption laws.
- Guha-Thakurta says Adani and Modi are very close politically and personally.
- Allegations suggest government agencies in India have not acted on public evidence.
- Criticism of Adani is sometimes seen as criticism of India itself.
- Guha-Thakurta has faced seven defamation lawsuits in India due to his reporting.
- The article raises concerns about crony capitalism, oligarchy, and weakened accountability in India.
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