The Adani group’s 10-year honeymoon is over
The compulsions of a coalition government and an invigorated opposition spell the end of political tailwinds for a conglomerate that’s tanked up on debt plus risk in the hope of breakneck growth.
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The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.
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