Dynastic Capitalism and Ecological “Externalities”: The Ambani–Piramal Nexus in Post-Liberalization India
Dynastic Capitalism and Ecological “Externalities”: The Ambani–Piramal Nexus in Post-Liberalization India Posted on 23rd October, 2025 (GMT 07:35 hrs) ABSTRACT This essay investigates how the marital and corporate nexus between the Ambani and Piramal families consolidates dynastic power while enabling ecological, social, and ethical impunity in India’s neoliberal economy. Operating through the Mitakshara coparcenary system, this “nepo-capitalist complex” centralizes vast wealth across Reliance Industries, Piramal Group, and affiliated ventures, while systematically externalizing environmental degradation, resource depletion, and socio-economic costs onto marginalized communities. Through an integrated critique of Ambani’s Reliance’s pollution and cronyism, Campa Cola’s water-intensive operations, Piramal Pharma’s Digwal effluents, Piramal Realty’s climate-vulnerable coastal real estate, Russian oil dealings, Z+ state protection, and the contested Vantara wildlife project, the ess...