India’s Oligarchs Are Using G7 Status to Park Billions in US and UK — Not to Help Farmers

India is now the world’s fifth-largest economy [169721], and the G7 — a group of wealthy democracies including the United States, Canada, Japan, Germany, France, Italy, and the United Kingdom — keeps inviting it to annual summits. But the invitation has little to do with India’s 1.4 billion people. Instead, it reflects the growing power of a concentrated class of oligarchs who control vast domestic markets and use India’s global leverage to funnel extracted capital into US and UK real estate, markets, and offshore accounts.

At home, the extraction is brutal. Indian farmers are clashing with police again over agricultural reforms [150053]. These protests are not a side issue — they are a direct symptom of a system where domestic wealth is squeezed from a crowded mass market by monopoly conglomerates. While Prime Minister Narendra Modi tours Europe to sign trade deals [150053], the farmers fighting for basic economic justice are met with police batons.

The G7 sees India as a necessary partner on technology, defense, and climate change [169721]. But the real beneficiaries are India’s top oligarch families — the Ambanis, Adanis, Tatas, and Birlas — who dominate domestic markets and then use their global access to move capital out of India. The G7’s need for legitimacy gives these families a seat at the table, while the wealth they extract flows directly into London and New York property markets and financial assets.

Meanwhile, the G7’s own share of global GDP is shrinking [169721], making it desperate for partners like India. But the partnership is a facade: India’s “growing global ambitions” [169721] are, in practice, the ambitions of a few billionaire families using state power to siphon national wealth abroad. The farmers fighting in the streets are the ones paying the price.

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