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Saturday, September 6, 2025
TopicCrony capitalism

Topic: crony capitalism

India #10 on ‘crony capitalism’ index — how ‘The Economist’ ranked 43 biggest economies

Over past decade, wealth from crony-capitalist sectors in India rose from 5% to 8% of its GDP. Over 60% of increase in crony capitalists' wealth has come from US, China, Russia & India.

How Nehru’s friend Jayanti Dharma Teja went from Lutyens’ darling to international fugitive

Before Vijay Mallya, Nirav Modi, and Mehul Choksi, there was Jayanti Dharma Teja — scientist, shipping magnate, and alleged scamster who led the Indian government on a wild spin.

Success of Modi govt’s monetisation plan won’t be about money but whether infra is affordable

Modi govt's Rs 6 lakh crore monetisation plan involves leasing out public assets to the private sector. These include roads, railway stations, airports, gas and oil pipelines, warehouses, sports stadiums, etc.

India’s Covid vaccine policy is bound to promote inefficiency, inequality

Modi govt’s policy for Covid-19 vaccine has thoroughly exposed both the failures of an incompetent state and the vagaries of the ‘free’ market.

CFOs to bankers to SME owners, what India’s business class says about Modi govt

I conducted 63 interviews over the past five months. The majority sentiment among Indian capitalists today is that the mood has moved back to the 1970s.

Wealth creation in Economic Survey: Slowdown forces Modi govt to shed ‘suit-boot’ fear?

With “wealth creation” as the central theme of 2020 Economic Survey, Modi govt has harked back to its capitalist orientation in the backdrop of an economic slowdown.

Here’s how India’s middle class forces a Right-wing Modi govt to stay economically Left

Indian middle class’ fetish for a nanny state compels govt intervention in managing prices. This keeps both crony capitalists and voters happy.

India’s crony capitalist edifice is creaking

Capital formation, job creation & growth are cracking under the strain placed by India’s feudal system of corporate governance.

Paradise Papers: Parking money in tax havens biggest threat to democracy in the world

In most cases, funds were siphoned from domestic companies to offshore tax havens by over-invoicing and under-invoicing, through intermediary shell companies .

On Camera

Kolkata’s silencing of Javed Akhtar exposes India’s secular vacuum

Even those parties that wear the label of secular and progressive often bow to the pressures of fundamentalist groups within the Muslim community.

GST 2.0: India streamlines indirect tax regime amid Trump tariffs & what it means for consumers

Goods and Services Tax Council paves way for a broad two-slab structure of 5% and 18% with a demerit rate of 40% for super luxury and 'sin' goods.

Dassault Aviation takes majority control of joint venture with Anil Ambani’s Reliance

Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.