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Views : 55,931
Genre: Education
Uploaded At Feb 20, 2023 ^^
warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
Rating : 4.647 (184/1,900 LTDR)
91.17% of the users lieked the video!!
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User score: 86.75- Overwhelmingly Positive
RYD date created : 2023-12-29T07:06:27.365628Z
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Top Comments of this video!! :3
I mean India's economy is big and yeah I agree about the report. But comparing the downfall of a company to a country's economic rise is stupid. I mean china had Hna group and even usa(Madoff) had some of the biggest corporate fraud. But despite these corporate frauds the economy of their countries is still on. I believe corporate fraud is part of the process of a country transition from developing into developed country. I think adani has to change the narrative or the govt has to ensure investors that market and financial regulators are impartial.
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The implication for the Indian economy depends on what the Modi government does next.
If the government refuses to investigate or prosecutor for political purposes, then I imagine a big sell-off as investors will see Indian stocks as having too much risk. This would be detrimental to the Indian economy as India's young industries are desperate for foreign investment. If India does some reforms like America did after the Enron fraud, then it should ensure investors that their money is safe.
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I accept that adani enterprises has some problems behind and scene. But comparing it with a country like India and its group is a serious selective perception. Adani is just a company in a country were there are millions of people who does real and valuable business. With this comparison shall I say Bernie Madoff represents american financial market.
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@MAC-vi7fy
1 year ago
Funny thing is credit suissee is now going under as has SVB. While Adani whose been doing legitimate business is still the same. Surprising how American firm couldnโt find a shortcoming in a 216 billion scam at home but could find dirt on a company 1000s of miles away
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