Posted inChina, India, South Asia, World

The crisis of India’s dismal political banking class

India’s shadow banking crisis remains a political charade that may damage the country’s political economy beyond repair. The source of this problem is the Rajya Sabha, the dysfunctional upper chamber of the Parliament. More specifically, at the core of this impending fiscal disaster is the cynical relationship between India’s plutocratic political class and the government. Only […]