The Wealthy Octopus Class Strikes Again
India’s million-strong super-rich don’t care for the bottom 800 million. And those in the middle can’t catch a break.
Octopi in the sky.
Photographer: Don Emmert/AFP
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Two years ago, Andy Mukherjee wrote a column — summed up here — about the dominant 200,000 Indian families (or about 1 million individuals) whose financial tentacles linked them to each other and produced a class of global citizens beloved by the booming wealth-management industry. That kind of abundance, Andy says in his latest column, has dire consequences for the rest of the country’s population.