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Billionaires’ Rise Aids India, and Vice Versa – NYTimes.com   Leave a comment

A facinating back stage view of India through the  profile of Gautam Adani.

“This nexus between tycoons and powerful politicians courses through the public-private relationship in India and forms the crux of a continuing debate on whether the rise of India’s billionaires is a sign of dynamism or cronyism.

India’s billionaires control a considerably larger share of the national wealth than do the superrich in bigger economies like those of Germany, Britain and Japan. Among the Indian billionaires included on the most recent Forbes rich list, a majority have derived their wealth from land, natural resources or government contracts and licenses, all areas that require support from politicians.”

via Billionaires’ Rise Aids India, and Vice Versa – NYTimes.com.

Posted July 26, 2011 by arnoneumann in India

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