'Crony capitalism and oligarchy': 'Remarkable correlation' between Adani's rise & Modi’s ascendancy

François Picard is pleased to welcome Paranjoy Guha-Thakurta, Indian journalist, investigative author and filmmaker. He offers a sweeping critique of the nexus between oligarchic wealth, political power, and weakened institutional accountability in contemporary India. Drawing on the allegations surrounding billionaire industrialist Gautam Adani, U.S. sanctions investigations, and the politics of Prime Minister Narendra Modi, he argues that “crony capitalism and oligarchy” have become deeply embedded within the fabric of the Indian state.