Busines Tit-Bits: Ambani, Adani Chaebols
In a masterful presentation on the Indian economy, made recently at Brown University in the US, Arvind Subramanian, the former chief economic advisor, referred to the “unprecedented reach” of the two ‘A’s — a reference to Ambani and Adani. Dr Subramanian described the growing multi-sector dominance of these two business groups as “unique in the history of global capitalism”. This has become a common conversational theme in India, especially the groups’ links with the government.
In a masterful presentation on the Indian economy, made recently at Brown University in the US, Arvind Subramanian, the former chief economic advisor, referred to the “unprecedented reach” of the two ‘A’s — a reference to Ambani and Adani. Dr Subramanian described the growing multi-sector dominance of these two business groups as “unique in the history of global capitalism”. This has become a common conversational theme in India, especially the groups’ links with the government. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
#Ambani #Adani #IndianEconomy #NarendraModi #ModiGovt
