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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, delves into the political ramifications of bribery charges against Indian tycoon Gautam Adani and his ties to Prime Minister Narendra Modi, potentially reshaping the business landscape in India. Don Wineland, China business and finance editor, reveals the staggering impact of China's ongoing property crisis, where millions of homes sit vacant, reflecting misguided overbuilding and economic strain. They also touch on the intriguing rise of Jordan Peterson amidst his controversial takes on masculinity and social norms.
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Quick takeaways
- Bribery charges against Gautam Adani could lead to increased scrutiny of Prime Minister Modi's administration and its anti-corruption efforts.
- China's housing crisis, marked by many unsold homes, highlights the need for a reassessment of its current housing policies to stimulate recovery.
Deep dives
The Adani Group Scandal and Its Implications
The allegations against the Adani Group highlight serious concerns regarding corruption in India. Gautam Adani, a close ally of Prime Minister Narendra Modi, has reportedly been implicated in a scheme involving significant bribery payments aimed at securing contracts with a state-owned solar energy company. These allegations come in the wake of previous accusations of fraud, further stressing the challenges facing Modi's administration. As political opposition mounts, Modi's government may find itself under increased scrutiny, raising questions about its commitment to combating corruption.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode