Indian Prime minister Narendra Modi’s alleged connection with business tycoon Gautam Adani has triggered an international reaction and backlash at home fueling speculations about its impact in the domestic politics.
George Soros, Founder of the Open Society Foundation, has asked Modi to respond to the charges to the international community as well as Indian parliament which has triggered protest from Modi supporters, with some saying it is part of an external conspiracy against Modi.
Prominent BJP leader and a cabinet minister Smriti Irani said the intent behind Soros statement will be met with ‘the might of India under the leadership of PM Modi.’
In a video message, George Soros said, ‘Modi and business tycoon Adani are close allies. Their fate is intertwined. Adani enterprises tried to raise funds in the stock market, but failed. Adani is accused of stock manipulation and the stock market collapsed like a house of cards’. Modi, he said, is silent on the subject, “but he will have to answer questions from foreign investors and to his parliament.” It significantly weakened Modi’s stranglehold on India’s federal government and opened the door to push for much needed institutional reforms.
I may be naive, but I expect a democratic revival in India. Smriti Irani, a BJP Leader and Minister in the Modi cabinet reacted sharply to the Soros statement. ‘ Those who Mr. Soros finds pliable need to know India has defeated imperialistic design before and shall do again. Democracy has prevailed in India and will continue to do so. Designs to weaken Indian democracy will be met with might of India under leadership of PM Modi, she said adding “He makes such pronouncements to demolish Indian democracy so that his handpicked people run the government in the country.”