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Modi risks turning India into a nation of gangster capitalists

Clutch of billionaire cronies are growing richer at everyone else's expense

| India
Adani Group Chairman Gautam Adani, left, shakes hands with then-Gujarat state Chief Minister Narendra Modi in Gandhinagar in January 2011: Adani hails from the western Indian state of Gujarat, which is Modi's home state.   © Mint/Getty Images

Rupa Subramanya is a researcher and commentator. She is a distinguished fellow of the Asia Pacific Foundation of Canada.

Earlier this month, Adani Airports became the single-largest shareholder of Chhatrapati Shivaji Maharaj International Airport in Mumbai after its purchase was approved by the Airports Authority of India, the government agency that regulates India's airports.

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