Soros says Adani’s crisis to spark democracy revival in India
In a speech at the Munich Security Conference on Thursday, billionaire philanthropist George Soros said the turmoil at Gautam Adani’s business empire may weaken Prime Minister Narendra Modi’s hold on the government.
His nearly 42-minute speech covered climate change, the Russia-Ukraine war, rumblings in the US, the Turkey earthquake and China. On the subject of India, Soros claimed that “Modi and business tycoon Adani are close allies; their fate is intertwined” and “Adani is accused of stock manipulation, and his stock collapsed like a house of cards.” “Modi is silent on the subject, but he will have to answer questions from foreign investors and in Parliament,” he said.
