The Intelligence from The Economist

Scandal in the wind: Adani’s indictment could hurt Modi

Nov 25, 2024
Jeremy Page, Asia diplomatic editor for The Economist, joins Don Wineland, China business and finance editor, to discuss significant political tensions in India tied to Gautam Adani’s bribery allegations and their implications for Prime Minister Modi. They dive into the staggering crisis in China's housing market, where countless homes remain unoccupied due to overbuilding. The conversation also touches on the polarizing popularity of Jordan Peterson and his unique narrative style that intertwines psychology and culture.
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ANECDOTE

Adani's Indictment

  • Gautam Adani, a close ally of Narendra Modi, faces US federal bribery charges.
  • This follows earlier fraud accusations, impacting Modi's political standing.
INSIGHT

Adani's Influence

  • Gautam Adani's influence is immense in India, spanning various sectors like energy and infrastructure.
  • His businesses are closely tied to Modi's India, making the indictment's impact significant.
INSIGHT

Political Ramifications

  • Modi and Adani's close relationship gives opposition new ammunition, especially with the upcoming parliamentary session.
  • The scandal pressures India's judiciary and regulatory bodies to investigate.
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