India's reputation will survive Hindenburg

Those who worry that the Adani saga will turn the world off India are not looking at the entire picture

In India, consensus is very difficult to achieve about anything. But there is a surprising degree of consensus in the public sphere about the possible fallout of the Hindenburg Research report on the finances of the Adani Group. Few believe, even today, when some Adani stocks hit multi-year lows, that the group will be forced to go out of business. Few believe that Prime Minister Narendra Modi, with whose rise to power the Adani Group has long been associated — fairly or unfairly — in the public mind, will suffer serious political repercussions from this. Mr Modi’s popularity is too