Once seen by Jawaharlal Nehru as a microcosm of Indian culture - and in the 2000s by both US President Bill Clinton and Bill Gates of Microsoft as a focal point of India's booming IT industry - the southern city of Hyderabad is now a symbol of India's worst crony capitalism. This is the capital of Andhra Pradesh that will elect a new state assembly at the same time as the general election. John Elliott tells a story of dynastic political ambitions, personal greed, and the lauding of companies that grew fat on fraudulent land and other deals with a new form of corruption, especially during the past ten years of Congress rule. He traces the history from the time of the British and uncovers the origins of a new entrepreneurial community as significant as old business clans such as the Marwaris.
|Publisher:||HarperCollins Publishers India|
|File size:||212 KB|
About the Author
John Elliott is a former Financial Times journalist based in New Delhi. He writes a blog on Indian current affairs, http://ridingtheelephant.wordpress.com/. He also writes for Asia Sentinel in Hong Kong and his blog appears on The Independent newspaper website in the UK. In Asia since 1983, he has also contributed to The Economist, Fortune magazine and the New Statesman.