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The Billionaire Raj: A Journey Through India's New Gilded Age Hardcover – July 3, 2018

4.2 4.2 out of 5 stars 483 ratings

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Editorial Reviews

Amazon.com Review

An Amazon Best Book of July 2018: India is the world’s fastest growing democracy, with an economy that is rapidly expanding, making a handful of Indians fantastically wealthy. At the same time, millions of Indians live in poverty, sometimes subsisting just feet from the fancy, almost unimaginable urban homes of the super-rich. James Crabtree uses the home of the reclusive billionaire Mukesh Ambani (that is his home on the cover) as a symbol of an Indian system that Crabtree likens—quite convincingly—to our own Gilded Age. Like in other places around the world, fair government appears to be no match against the vast sums of private capital that the “Bollygarchs” employ to cement their interests. Crabtree uses interviews and riveting reporting to give us a fascinating look into the sudden, sometimes shocking, and seemingly insurmountable rise of the Indian super-elite, as they surf the wave of globalism. –Chris Schluep, Amazon Book Review

Review

Short-listed for the Financial Times & McKinsey Business Book of the Year 2018

“A lively and valuable blend of the empirical and the anecdotal. . . .The best parts of Mr. Crabtree’s book, however, aren’t his observations on the civic state of India (although these are certainly valuable and wise). They are his reportage, in which he relates his encounters with several of the men who are emblematic of the billionaire raj.”
—Tunku Varadarajan, Wall Street Journal

“Thrilling. . . . 
The Billionaire Raj does the great service of . . . showing how India’s political system and its firms are symbiotically connected, in an entertaining—and sometimes disturbing—fashion.” —The Economist

“A nuanced portrait. . . . chock-full of profoundly revealing vignettes from various corners of India’s endlessly diverse society and economy.” —
Jonathan A. Knee, The New York Times

“An excellent survey of India’s economic and political transformation. . . .Crabtree’s Indian story is a cautionary tale of globalization’s excesses and the consequences for one of the world’s most unequal societies.” The Washington Post

“Crabtree’s vivid portrayal of the corruption of politics is very informative, and thought-provoking. . . .The most comprehensive and eminently readable tour of economic India.”
—Meghnad Desai, Financial Times

“A stylish, sweeping survey of modern day India. . . . Crabtree is diligent in his research and brutally fair to his interviewees.” —
Ann Pettifor, The Times Literary Supplement

“An enlightening and engaging story of wealth and poverty in India, but also a sad indictment of the power of inequity in subduing and overwhelming its areas of success." —
Amartya Sen, winner of the Nobel Prize in Economics

“James Crabtree has written a lucid, detailed, and at times epic account of the new India, opening our eyes to the economic and social transformation that has quietly occurred there in recent years, behind the facade of the headlines. A must read for all those interested in the political and economic destiny of the subcontinent.” 
—Robert D. Kaplan, author of The Return of Marco Polo’s World

“James Crabtree, once a hugely-admired star foreign correspondent, has transformed himself into a brilliant writer and analyst of the Indian super rich. This timely, fascinating and eye-opening book is also—a rarity for a book about money—wonderfully witty and beautifully written.” —William Dalrymple, author of The Last Mughal

“James Crabtree distinguished himself as the most insightful journalist writing for the 
Financial Times from India. It is not surprising therefore that he has now written a book that offers a splendid overview of the issues that have been raised concerning India’s spectacular growth since the reforms began in 1991. It is bound to become a classic.” —Jagdish Bhagwati, co-author of Why Growth Matters

"Billionaire-watching may seem like voyeuristic fun, but it also provides serious insights about where a nation is headed. James Crabtree does just that in The Billionaire Raj, as he traces the incredible rise of India’s new super-rich and everything they reveal about the state of India’s political economy. Mixing colorful anecdotes with serious analysis, Crabtree's urgent book gives us far more than just vicarious thrills about India’s new Gilded Age." Ruchir Sharma, author of The Rise And Fall Of Nations

“Who are the Indian nouveau riche and what do they want? James Crabtree’s 
The Billionaire Raj will prove the defining work on these questions. It is a must-read for anyone interested in wealth, inequality, India, or the evolution of capitalism.” —Tyler Cowen, author of The Complacent Class

“A fascinating look into the world of the Indian business elite—the ‘Bollygarchs’—and their political entanglements. James Crabtree deftly explores the changing balance between big money and democratic accountability, shedding considerable light on whether the country will sustain the miracle that is the Indian democracy or go the way of populism and authoritarianism, as so many others have.” 
Dani Rodrik, author of Straight Talk on Trade

"Crabtree's stylish writing and sharp insights bring to life the extremes of a country changing with bewildering rapidity, and one the world will find increasingly hard to ignore.
The Billionaire Raj is an essential guide if you want to understand modern India, as you must." —Edward Luce, author of In Spite of the Gods

“A wonderful book! It artfully weaves together lively stories of India’s billionaires while retaining a balanced perspective on the the big picture of the rise of India. It is not easy to write contemporary history but Crabtree manages to get to the heart of the matterthe problem of India’s state capacity and the need to reform the institutions of governance.”Gurcharan Das, author of India Unbound

Product details

  • Publisher ‏ : ‎ Tim Duggan Books (July 3, 2018)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 416 pages
  • ISBN-10 ‏ : ‎ 1524760064
  • ISBN-13 ‏ : ‎ 978-1524760069
  • Item Weight ‏ : ‎ 1.58 pounds
  • Dimensions ‏ : ‎ 6.49 x 1.31 x 9.53 inches
  • Customer Reviews:
    4.2 4.2 out of 5 stars 483 ratings

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Customer reviews

4.2 out of 5 stars
4.2 out of 5
483 global ratings
An exciting journey - reads like a novel!
5 Stars
An exciting journey - reads like a novel!
I bought this book after listening to the author at an event of the Asia Society in Zurich. It was the beginning of an exciting journey to India that I took every morning sitting down with my coffee at the breakfast table. What this book achieves is phenomenal: you open a page and the words immediately awaken images, voices, emotions in your mind, letting you experience the streets of India as much as secret conversations in the most secret cycles of the country's elite. The author takes you on board of private jets. Into posh palaces of the rich. To giant factories in the jungle. To TV studios. To the prime minister's office, and to many other iconic settings. He then lets the people come alive and unmasks the conflicts, motivations, ambivalences, and mysteries that drive their actions.This book reads like a novel. All the while, the author sprinkles in facts and reflections that are easy to grasp precisely because of the colorful illustrations he has made. You learn a lot about economics, politics, and the culture just by following the story.Is this book an objective account of India? Possibly, because it is based on solid research. But what I most respect is that James Crabtree is never shy to take a position. It must have taken him enormous courage to investigate and disclose intimate details about some of the most powerful people in what might become the world's largest country very soon.To anyone interested in world affairs and a great story: read 'The Billionaire Raj' - you are in for an exciting journey. Enjoy!
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Navi
4.0 out of 5 stars 4 stars!
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5.0 out of 5 stars A Candid representation of Indian economy's boom years and the actors behind
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