Conglomerates, cronyism, brandless growth

It's good that cronyism is being debated robustly. But the much bigger failure of incredibly powerful, rich and successful conglomerates - Adani, Ambani, Tata- lies in India's fully brand-free growth

The Adani controversy brings to our attention many related aspects of India’s political economy. The first is the most important and immediate one: The Opposition’s allegation of cronyism. When elaborated, it becomes a larger theme encompassing the top four or five leaders of corporate India.

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