James Crabtree, Mumbai Bureau Chief of the Financial Times, recently wrote the cover story for the Financial Times’ magazine discussing India’s new politics, particularly focusing on why some of India’s business stars are taking on the traditional elite, as the world’s largest democracy goes to the polls.
Profiling candidates such as Nandan Nilekani, one of India’s most celebrated technology entrepreneurs, James describes how a wave of executives are entering India politics. James notes how “their decision to stand is a sign of wider change brewing: the new class of MBA-wielding professionals who rose to dominate India’s boardrooms now wants to exercise power of a different sort.”
He adds that “this new generation of aspiring politicians reflects a more profound underlying development, one in which India’s growing middle classes are demanding more from a political system that, at best, has tended to reflect the interests of the rural poor and, at worst, served only the whims of those already in power.”
James goes on to analyse the degree of influence of dynasticism in India’s new politics, and whether it might be on the way out. Click here to read the story.