18 Mar 14

Standard Business

Is the Gujarat Manufacturing Miracle hot air or helium?

The other day, I read Mihir Sharma’s recent column on crony capitalism, Thy hands, great oligarchs. “The takeover of India’s politics by its oligarchs is almost complete”, began Mihir, and once he picked up speed everyone from the Ambanis to the Tatas to the Rangarajans of the world – everyone except Manmohan – had come under his rampaging three-wheeler.

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