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Diane Coyle — Our Aureate Historic Menses (India Version)


Short review of FT’s old Bombay bureau original James Crabtree’s The Billionaire Raj.
The subject of the mass is corruption, in addition to its co-evolution amongst the Indian economic scheme every bit the ‘licence raj’ restrictions were progressively removed, in addition to novel sectors similar telecoms grew dramatically. In this novel world, the super-wealthy businessmen in addition to the politicians establish they needed each other: the deployment of legislation in addition to contracts helped the former, the chance to accept utilisation inwards employment concern helped the latter. As 1 of the interviewees puts it: “They [the politicians] are saying: ‘We don’t desire briefcases amount of cash in addition to Swiss banking concern accounts in addition to all that whatever more. We desire to ain businesses ourselves. We desire equity stakes.”...
The Enlightened Economist
Our Gilded Age (India version)
Diane Coyle | freelance economist in addition to a old advisor to the U.K. Treasury. She is a fellow member of the U.K. Competition Commission in addition to is acting Chairman of the BBC Trust, the governing trunk of the British Broadcasting Corporation

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