2026-06-23
5 分钟The Economist Hi there, it's Jason Palmer here, co-host of The Intelligence, our daily news and current affairs podcast.
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The company's prospects depend upon a single influential businessman, trusted by his devotees to come good,
but reviled by his detractors.
This is not America and SpaceX but India and Geo,
a company that brought hundreds of millions of Indians online and may soon list.
It is a thrilling story of the new Indian economy, featuring a tech entrepreneur hoping
to get rich and ordinary Indians using the stock market to get a stake in his success.
Yet beside all the reasons to celebrate sits one big reason to worry.
India's corporate governance is dismal, problems dog India's family-run conglomerates.
As we report, the Tata Group, long the gold standard of corporate probity, has been consumed by a boardroom drama.
The regulator may force it to list too.
Gautam Adani, perhaps India's best connected infrastructure mogul, has spent years battling allegations
that have cast a pall over his business success.
Reliance, the parent company of Geo and much else, has an issue with succession.
The three children of its boss, Mukesh Ambani, are on the board and in prominent operating roles.
Yet the empire still seems to depend on Mr Ambani.
Family-run conglomerates dominate India's economy.