Political implications from the Adani fallout could be far reaching for India despite the short-term concerns over governance issues, says one economist.
The fallout from the Adani Group turmoil could have political implications for India, said a chief Asia Pacific economist at Natixis, a research group.
While corporate governance issues affect countries globally, what is different about the Adani case is that its "highly political," Alicia Garcia Herrero told CNBC's "Squawk Box Asia" on Tuesday. Given the political overtones of the Adani developments, "we are seeing very different behavior across the investor landscape," said Herrero.
Indian billionaire Gautam Adani's rapid downfall has sparked renewed scrutiny on the tycoon's close ties with India's Prime Minister Narendra Modi.The fallout from the Adani Group turmoil could have political implications for India, said a chief Asia Pacific economist at Natixis, a research group. While corporate governance issues affect countries globally, what is different about the Adani case for India is that its "highly political," Alicia Garcia Herrero told CNBC's "Squawk Box Asia" on Tuesday.Indian billionaire founder Gautam Adani has been under scrutiny after allegations in January from U.S. short-seller firm
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