YAN ISLAM | In 2018, James Crabtree, wrote a tome on India entitled ‘The Billionaire Raj’. His concern was that India, characterized by an egregious degree of inequality where the top one percent owned most of the country’s wealth, presented a development challenge despite its rapid growth and relatively well-established democratic governance. The card-carrying members … Continue reading Adani’s downfall – how a leading member of India’s Billionaire Raj fell victim to a stock market rout