Who knew this much wealth destruction could happen this quickly?
Why does this matter? Are there any broader implications, not only for Indian politics and business, but the entire global economy? Is calling a short-selling firm Hindenburg a little too on-the-nose? Allow me to explain.Sure thing.
Adani’s real shot at success came after the turn of the century, when Narendra Modi was elected chief minister of Gujarat. The two established a close relationship; when Modi faced international controversy early on for his, Adani was one of the few India businessmen to staunchly defend Modi from accusations of fomenting interreligious violence.
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