Sreeja V
@Wordsmith · 3:00
How Indian economy has been shaped by two Giants: The Adanis and the Ambanis.
Do you think this is the kind of growth that an economy like India should be fostering power in the hands of a few? Why isn't it so that we see more names coming to the fore? And why is it that we see only a few players is continuously winning these bids for building, airport expansions, all other infrastructure related expansions, et cetera. Is it a larger game? Recently, these two barons have also entered the media world. Right
Binati Sheth
@Binati_Sheth · 4:59
So to answer your question, I don't think it is the right. I think anyone in their right mind wouldn't that people who are staunch believers of capitalism are against this phenomena of the oligarchy where power and wealth is consolidating in a very few hands. However, to circle back to where I began, people are selfish. If I had the option to help, say my cousin, or help somebody who was equally or maybe slightly highly qualified than my cousin, I would probably go for my cousin
Sudha Varadarajan
@sudha · 1:54
The emergence of oligarchy always leads to debilitating effects on the economy over time, especially on, on entrepreneurship, on governance in the political sphere. Corruption there is so much of advancement that gets hindered because a particular country allowed oligarchs to emerge. From my perspective, for one of the largest economies in the world to do this is very stupid and unfortunately, because of the corruption of the people in power, they need to remain in power
Sreeja V
@Wordsmith · 1:44
You look at the mortis, you look at the pros and cream, you look at the Tatas, there has been a balance. But invariably, as Sudha has mentioned, when politics and power, when the power play comes in, I think things just sort of go, I think beyond control after a point and we lose track of where we are heading
Sreeja V
@Wordsmith · 1:27
Susan, thank you for your insight. And yes, the symbiotic relationship between politicians and business houses is known to us. It isn't new. But somehow, you know, know, I had a sense of this being carried too far this time around. And as you rightly said, this could very much sound the death knell of democracy in the true sense in India
Binati Sheth
@Binati_Sheth · 4:54
I really wish there were solutions for this, but there aren't. Because money, ultimately it's about money. It always has been and it always will be, no matter what system we try. I really don't have an answer. I have thought about this so many times, so many times and latest I think I thought about this when Adani denied Australia their own water