5min chapter

Ones and Tooze cover image

How India's Adani Group Lost Billions Overnight

Ones and Tooze

CHAPTER

What Does Adani's Career and Wealth Tell Us About the Indian Economy?

What does Adani's career and his wealth tell us about the Indian economy in general? I mean, what kind of capitalist country is this exactly when we're talking about India? It's very interesting question. The upside story is that it's a South Korean style system where you have these very, very powerful conglomerate families. Fears are that crony capitalism could shift ever more towards a Russian development.

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