In 2016, crony capitalism accounted for three per cent of India’s GDP. In 2023, the last year in which this was measured, it had doubled. This may or may not be bribery but it is certainly corruption, because the power and legitimacy of the state is being eroded and misused to enrich chosen individuals
If It Ain’t Broke, Break It: How We Ruined India We Built Over Decades
In 2016, crony capitalism accounted for three per cent of India’s GDP. In 2023, the last year in which this was measured...
By Dhallo News · September 28, 2026 at 10:04 PM IST
SOURCE: Deccan Chronicle Politics
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