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Summary of The Billionaire Raj: A Journey Through India's New Gilded Age by James Crabtree | Conversation Starters

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64 pages14 minutes

Summary

The Billionaire Raj: A Journey Through India's New Gilded Age by James Crabtree | Conversation Starters

Author James Crabtree paints a colorful portrait of the rise of the new billionaire class in India despite its radically unequal society. In The Billionaire Raj: A Journey Through India's New Gilded Age, Crabtree relays the facts about India. It is currently the world’s largest democracy. It is the home to more than a billion people. Its economy is expanding in a faster rate than China’s. However, the rewards of this great growth have not been shared evenly to its people. The top 1% of India owns almost 60% of the nation’s wealth. In Mumbai, half of the population live in slums but a few dynasties enjoy extraordinary riches like America’s Rockefellers and Vanderbilts. In The Billionaire Raj, James Crabtree brings the readers on a journey to meet the billionaires, tycoons, and the political power brokers.

Tunku Varadarajan for The Wall Street Journal writes that Crabtree’s book is “lively and valuable blend of the empirical and the anecdotal.” The Economist says that Crabtree “show[s] how India’s political system and its firms are symbiotically connected, in an entertaining—and sometimes disturbing—fashion.” Jonathan A. Knee for The New York Times says that The Billionaire Raj is “a nuanced portrait.”

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