The term 'crony capitalism' was made popular in India during the Manmohan Singh years when the UPA 2 government was accused of making policies that benefited a few wealthy families.
The term 'crony capitalism' was made popular in India during the Manmohan Singh years when the UPA 2 government was accused of making policies that benefited a few wealthy families. However, that was not the first, and most definitely not the last phase of crony capitalism India. What does crony capitalism mean? How does it work and who benefits from it? Aunindyo Chakravarty explains.