The Modani “Saga”: The Failed State of India
The Modani “Saga”: The Failed State of India The Modani “Saga”: The Failed State of India Posted on 17th September, 2024 (GMT 16:09 hrs) ABSTRACT The article “The Modani Saga: The Failed State of India” critiques the state of financial as well as political governance in India, focusing on political corruption, financial mismanagement, growing crony-monopoly practices, and the over-polarization between the wealthy and the poor (1% versus the other 99%). It highlights the influence of powerful business figures, focusing particularly on Mr. Gautam Adani in terms of his questionable as well as controversiable business deals in and outside India, whereof it could be seen that Adani is running after shaping policies for personal profits at the cost of nature’s rights and people’s rights. The piece argues that India’s democratic and financial institutions such as the SEBI are eroding, and the country is spiraling into a “failed state” due to a lack of accountability and governance failures