Can one of the most divided nations on the planet become its next superpower? James Crabtree reveals the titans of politics and industry shaping India in a period of breakneck change – from controversial prime minister Narendra Modi, victor in the largest election in history, to the leading lights of the country’s burgeoning billionaire class.

While ‘King of the Good Times’ Vijay Mallya languishes in exile in Britain, other major ‘Bollygarchs’ prosper at home despite a series of scandals. Issuing jewel-encrusted invitations to their children’s weddings, these tycoons exert huge power in both business and politics.

But India’s explosive economic rise has driven inequality to new extremes. Millions remain trapped in slums and corruption is endemic. Reformers fight to wrest the nation from these dark forces, leaving its fate poised between that of a prosperous democratic giant and a saffron-tinged version of Russia.

SHORTLISTED FOR THE FT & MCKINSEY BUSINESS BOOK OF THE YEAR AWARD 2018

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India’s explosive rise has driven inequality to new extremes, with millions trapped in slums as billionaires spend lavishly and dodge taxes. Controversial prime minister Narendra Modi promised ‘to break the grip’ of the Bollygarchs, but many tycoons continue to thrive amidst the scandals, exerting huge influence over business and politics.

But who are these titans of politics and industry shaping India through this period of breakneck change? And what kind of superpower are they creating?

A vivid portrait of a deeply divided nation, The Billionaire Raj makes clear that India’s destiny – prosperous democratic giant or corrupt authoritarian regime – is something that should concern us all.