Favors for India's national champions curb competition and investment

Crony capitalism carries potentially adverse long-term consequences for economy

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A construction worker walks below the Adani logo near a building construction site in Mumbai. © AP

Henny Sender is the founder and managing partner of Apsara Advisory, a strategic consultancy for financial services companies. She was previously a managing director at investment company BlackRock.

Nowhere, perhaps, is the line between being a national champion and a crony capitalist as thin as it is in India today.

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