Valuation Guru Aswath Damodaran On The Inertia & Indifference In The Indian System

 Everyone is talking about how the Adani saga exposed loopholes in the Indian capital markets and banking sectors. Questions are being asked whether the system and specifically the regulators failed the investors. NYU Stern Professor Aswath Damodaran addresses these issues in an exclusive conversation with India Today’s Rajdeep Sardesai. He says the case is not one of politics or corruption but of inaction. He also talks about the investments made by LIC and the State Bank of India (SBI) in the Adani Group companies, emphasising that the companies are not bad investments.