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Adani's crisis to spark democratic revival in India, says George Soros

The fallout from US short seller Hindenburg Research's attack on the conglomerate threatens to hurt investor confidence in India, has fueled concerns about the country's regulatory framework

Soros, George Soros
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Photo: Bloomberg

Phoebe Sedgman | Bloomberg
The turmoil engulfing Gautam Adani’s business empire that’s sparked a punishing stock market selloff and shaken faith in India as an investment opportunity may open the door to a democratic revival in the country, according to billionaire investor George Soros.
 
The fallout from US short seller Hindenburg Research’s attack on the conglomerate threatens to hurt investor confidence in India, has fueled concerns about the country’s regulatory framework and sparked questions about Prime Minister Narendra Modi’s ties with Adani.

“Modi is silent on the subject, but he will have to answer questions from foreign investors and in parliament,” Soros said in

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First Published: Feb 17 2023 | 9:25 AM IST

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