The Rise of India's New Billionaires (And the Fall of the Old)
- Crackdown on deliquent borrowers has hurt some tycoons
- New entrepreneurs are growing wealthy in areas like technology
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India is going through one of the greatest periods of wealth creation -- and destruction -- all at the same time.
A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.