The ascent of wealth creation

Narendra Modi's Independence Day statement in defence of wealth creators is a remarkable departure from the political rhetoric so far

India’s wealth creators should not be eyed with suspicion, the prime minister stated from the ramparts of the Red Fort last week, because it is only when wealth is created that wealth will be distributed. In normal circumstances, this would have been an unexceptionable statement. In today’s context, the timing is a little unpropitious. 

By wealth creators we assume Narendra Modi was referring to Indian entrepreneurs — at any rate, this is how his finance minister defined the term five days later. Is it really possible not to view these “wealth creators” with suspicion? 

For one, corporate fraud and variations