Adani Group A Major Driver Of India's Progress: Economist Jeffrey Sachs

What happened: Economist Jeffrey Sachs said the Adani Group is a major driver of India's progress and drew attention to the distinctive responsibilities of family-owned and family-led enterprises, arguing that businesses carrying a family's name represent more than commercial interests. Why it matters: The remarks place the conglomerate's role in India's development in a favorable light, per the economist's assessment as reported.

Economist Jeffrey Sachs said the Adani Group is a major driver of India's progress and drew attention to the distinctive responsibilities of family-owned and family-led enterprises, arguing that businesses carrying a family's name represent more than commercial interests.

The remarks place the conglomerate's role in India's development in a favorable light, per the economist's assessment as reported.