TODAY, a whiff of crony capitalism, i.e. a politician helping a
businessman or vice versa, results in a scandal. But in the
pre-Independence era, when India and Indians fought for freedom from the
British Raj, there was no such stigma and putridity attached to such
connections. Businessmen openly rubbed shoulders with politicians, and the
latter publicly walked with the former. Industrialists funded the freedom
movement, and the national leaders backed the former in shaping British’s
economic and business policies.
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