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The Afternoon Adda - Crony Capitalism in India with Paranjoy Guha Thakurta

01 Sep 2016

The Afternoon Adda - Crony Capitalism in India with Paranjoy Guha Thakurta by Australia India Institute Podcast

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India's first Prime Minister Jawaharlal Nehru wanted India to have a mixed economy, one that assimilated the best of capitalism and socialism. Nearly 70 years down the line, many believe India adopted the worst of both worlds.

From the 1990s onwards we’ve seen the emergence of cronyism in India, where governments act in a manner that benefits the privileged few. But is there hope for change?

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