The Billionaire Raj

Pages: 384
Subject: Current Affairs, Economics, History
Imprint: Oneworld

The Billionaire Raj

A Journey Through India’s New Gilded Age

James Crabtree

A timely account of the emerging superpower that is India and the rise and rise of the Bollygarchs
9781786073808 (5 Jul 2018)
RRP £18.99

The Book

Over the past two decades India has grown at an unprecedented rate, rivalled only by China. Yet while the Bollygarchs revel in new riches, millions still languish in their shadows, trapped in the teeming slums of the country's megacities.

From the sky terrace of the world's most expensive home to mass political rallies in the streets, James Crabtree documents the struggle between equality and privilege playing out at the heart of this emerging superpower. Against a combustible backdrop of aspiration, class and caste, reformers fight for change while fugitive tycoons and shadowy political power brokers struggle to remain hidden and out of reach. The Billionaire Raj is a vivid portrait of a divided democracy whose future will shape the world.

Additional Information

Subject Current Affairs, Economics, History
Pages 384
Imprint Oneworld


About the Author

James Crabtree is a writer and journalist who spent five years in India as Mumbai bureau chief for the Financial Times. He is now an associate professor of practice at the Lee Kuan Yew School of Public Policy at the National University of Singapore. Follow him @jamescrabtree.


‘A fascinating look into the world of the Indian business elite…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, Professor of International Political Economy, Harvard University, and author of The Globalization Paradox

‘A lucid, detailed and at times epic account of the new India… A must-read for all those interested in the political and economic destiny of the subcontinent.'

- Robert D. Kaplan, author of Monsoon and The Return of Marco Polo’s World

‘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, author of In Defense of Globalization

‘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, economist, blogger and author of The Great Stagnation