India's stock market crisis isn't just the Adani Group's problem - it's a political issue for Prime Minister Modi too
"The fact of the matter is that my professional success is not because of any individual leader," said Adani.Adnan Abidi/Reuters
Still, perceived coziness between Modi and Adani has become an asset to Modi's political opponents, Steno Research, a Denmark-based research house, wrote in a February 3"The Hindenburg scandal is the perfect weapon for the Indian political opposition against PM Modi. Not only is Modi's relationship with Adani coming into question, Modi's growth model is too," the research firm wrote.
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