Bloomberg Markets Magazine on Modi’s India
The article notes –
“Even more
disruptive to the Indian way of doing business, executives in New Delhi and
Mumbai say, he’s shut off much of the personal access for industrial titans to
the prime minister’s office. The Economic Times, India’s largest financial
newspaper, came to a similar conclusion. It reported in May, after interviewing
more than 20 high-ranking executives, bureaucrats, and politicians about Modi,
that “big business says access to the upper echelons of government has declined
in dramatic fashion.”
A small, but
telling, detail: Modi’s government last year cut down on memberships for
bureaucrats at the Delhi Golf Club, suggesting their place was in the office,
not hobnobbing with the rich.
It’s an approach to
the corporate elite in India that’s been more nuanced than many expected; a
balancing act that’s probably confused his friends and enemies alike.”
Related:
http://www.bloomberg.com/news/articles/2015-08-04/foxconn-s-gou-to-modi-build-infrastructure-to-win-investment