How political will often favors a coal billionaire and his dirty fossil fuel By Gerry Shih, Niha Masi h and Anant Gupta December 9, 2022 https://www.washingtonpost.com/world/2022/12/09/india-coal-gautam-adani-godda/
The tale of Gautam Adani’s giant power plant reveals how political will in India bends in favor of the dirty fuel..
Sukla Sen's post in https://groups.google.com/g/greenyouth/c/h2HGrKnclpk/m/0i9cIwXUCQAJ.. Love Story Extraordinary?
Outcome: Meteoric Rise of Gautam Adani: From US$ 7 (or 8?) Billion in 2014 to 148 Billion on September 20 2022. The Net Worth Skyrockets to 20 Times Over a Period of 8 Years!. Over roughly the same period Indian GDP has risen from $2.1 trillion to $2.66 trillion -- around 1.25 times! https://www.livemint.com/Politics/xziKtmtOxBJntZb41p2hDL/India-GDP-seen-surging-74-in-data-that-has-puzzled-economi.html
For a comparison, with the second most favoured captain of Indian industry: Mukesh Ambani's net worth of 18.60 billion US$ in 2014 has risen to 88.8 billion US$ (as on September 20 2022), i.e. just a tad over 4.75 times (as against 20 in case of Adani over the same time period).
https://en.m.wikipedia.org/wiki/The_World%27s_Billionaires_2014 https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/
and https://www.indexmundi.com/facts/india/indicator/NY.GDP.MKTP.CD >.)
That's a graphic real time illustration of what crony capitalism is all about . While the relationship is of course symbiotic, it should not be too
difficult to figure out who is primarily dependent on whom? Who has options and who, really, hasn't?
"By the time he had befriended Modi, Adani was already a successful businessman, and grew his net worth to an estimated US$7 billion by 2014. But it was only after the BJP leader became prime minister that Adani's fortunes really took off"- https://www.scmp.com/week-asia/economics/article/3190991/indias-gautam-adani-asias-richest-man-still-goose-lays-golden
After Modi’s 2014 election victory, Adani lent the prime minister-elect his private jet for a victory tour. Adani’s wealth has risen from an estimated $8bn at the time of Modi’s election in 2014 to $137bn today, a rise of more than 1,600%." https://amp.theguardian.com/business/2022/aug/30/india-gautam-adani-worlds-third-richest-person
https://www.hindustantimes.com/india/gautam-adani-pm-modi-s-constant-companion-on-overseas-trips/story-CMDqyMTSNxoewGpQVqEeDK.html