Adani is not India, but its problems mirror those of the country

Adani is not India, but its problems mirror those of the country.

Policymakers lost sight of the low returns on capital by depending on a billionaire to draw global investment in infrastructure.

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Insufficient infrastructure and its eager desire to plug the gaps immediately.

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The company has categorically disputed the activist investor’s charges of stock-price manipulation and accounting malfeasance.

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