After Nearly Collapsing, Indian Billionaire’s Stock
Is Back on the Rise
https://www.nytimes.com/2023/05/24/business/adani-stock-price.html
The Adani Group’s position within India’s political economy looks strengthened, if not fully repaired. That is an important development for more than just the stock market’s winners and losers. Mr. Modi’s vision for India depends on building a great deal of infrastructure.
The country has already sped up and improved a record number of projects during his nine years in power. Airports, highways, power transmission and more are all drastically better and more plentiful, more so than other indicators like private investment, which economists say is lagging. Much of the funding comes from the government. But building needs private partners, too.
https://www.nytimes.com/2023/05/24/business/adani-stock-price.html
The Adani Group’s position within India’s political economy looks strengthened, if not fully repaired. That is an important development for more than just the stock market’s winners and losers. Mr. Modi’s vision for India depends on building a great deal of infrastructure.
The country has already sped up and improved a record number of projects during his nine years in power. Airports, highways, power transmission and more are all drastically better and more plentiful, more so than other indicators like private investment, which economists say is lagging. Much of the funding comes from the government. But building needs private partners, too.