Episode from the podcastBusiness Daily

The Rise of India’s Billionaires

Released Monday, 12th November 2018
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Are the super-rich the biggest beneficiaries of India's booming economy? It is one of the world’s fastest growing economies, but it also has some of the worlds most extreme inequality.

James Crabtree, author of The Billionaire Raj, tells us about India’s extraordinary explosion of wealth and the addition of almost 100 billionaires since the 1990s. One tycoon even threw an elaborate wedding for his daughter at The Palace of Versailles in France. Rahul Tandon tells the story of one billionaire’s daughter who moved to Scotland to study for a university degree. Her parents hired a cook, driver, maids and butlers to help her settle in.

Meanwhile corruption in India continues to thrive. Dr Anand Rai is a campaigner and was a whistle-blower in the Vyapam scandal, where civil service and medical applicants could buy entry into the system, rather than passing tough exams. He isn’t convinced that the current government is serious about passing a key law that would protect whistle-blowers.

(Picture: ArcelorMittal steel billionaire Lakshmi Mittal with his wife at a wedding reception; Credit: Rajesh Kashyap/Hindustan Times via Getty Images)
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