By James Crabtree | i-genius Policy Centre book review
In this eye-opening rumination on wealth and power, James Crabtree, a former India correspondent for the Financial Times, ventures deep into the shadowy heart of India’s “black-money” economy and argues that the rise of the “Bollygarchs” and the takeover of Indian politics by huge sums of private money has led to a boom-and-bust cycle in India’s industrial economy.
Weaving in interviews with politicians, central bankers, and industrial tycoons, he concludes that a lack of state capacity in India—the famously byzantine business licensing system, as well as low levels of investment in infrastructure—has contributed to rent-seeking and crony capitalism on the one hand and populist politics. An inside look into the corridors of power, this is an invaluable commentary on modern Indian.
Available in bookstores or via Amazon
For more information visit: www.jamescrabtree.com
Image copyright to James Crabtree and Oneworld Publications
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