Today, many people talk about shining
According to Raghuram Rajan, a former chief economist of IMF and current economic advisor to the Prime Minister, there is no problem with wealth creation but a disturbing fact about Indian billionaires is that there are so many billionaires whose wealth came from their “proximity to government.”
Currently, a professor at the
He said that this would lead to an “Oligarchic capitalism like
Mr. Rajan also talked about “privatization by stealth” which means that in some areas the government could not successfully establish itself resulting into more control of the private sector and this is not a good thing for the government.
Mr.Rajan also expressed his frustration over