The Adani Group in India Is the Last Resort of the Indian State Machine

Indian financial investors know that it is indeed the impunity of the Adani group to produce rather high valuations. They are not just too big to fail, but essentially identified with the Modi-eyed project. So long as that is hegemonic in Indian politics, these businesses cannot fail. The real issue is what it does to the Indian economy and what it does by implication also to Indian society.