India's "family" problem

<p>From airports to cricket broadcasts, India's family conglomerates keep turning up everywhere. According to the 2024 Barclays-Hurun report, one family's wealth alone equals nearly one-tenth of everything India produces in a year. India is running a version of the economic playbook that South Korea and Indonesia once ran — protect your conglomerates and let them do the building.</p><p>South Korea came through it, at enormous political and economic cost. Indonesia's economy contracted by 13% in a single year.</p><p>India is somewhere earlier in that story. In this episode of Daybreak, host Snigdha Sharma asks which ending we are heading toward.</p><p><em>Listen to the episode on Adani's think tank </em><a href="https://the-ken.com/podcasts/daybreak/indias-newest-think-tank-has-adanis-money-and-the-governments-ear/"><em>here</em></a><em>.<br /></em><br /><strong><em>Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. </em></strong><a href="https://the-ken.com/pricing/"><strong><em>Subscribe</em></strong></a><strong><em> for more exclusive, deeply-reported, and analytical business stories.</em></strong></p>