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Adani’s downfall

I reflect on how and why Gautam Adani – a leading member of India’s Billionaire Raj – became the victim of a stock marker rout. He was once regarded as the second richest man in the world. His net worth has taken such a hit that he is now ranked the 18th richest in the world, while his group of companies has lost more than USD 100 billion within the space of a week.

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Adani’s downfall – how a leading member of India’s Billionaire Raj fell victim to a stock market rout

Published by Yan

I am an Adjunct Professor, Griffith Asia Institute, Griffith University, Brisbane, Australia. I am also a former Chief, Labour Market and Employment Policies Branch, ILO, Geneva. I was educated as an economist at Manchester, Western Ontario and Cambridge. I am one of the founding editors of the Journal of Asia Pacific Economy (Routledge, London and New York).

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