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  • Until recently, India's wealthy were held in contempt and perceived with suspicion both by the general public and the media; newspaper articles about the greedy rich and their excesses pro-liferated. However, following the global financial crisis of 2008, magazines like Forbes India began aggressively pushing the idea of the generous and caring Indian business elites, a "force of good"; annual events such as the Forbes sponsored Philanthropy Awards and art and fashion galas for a good cause became popular and the notion of philanthrocapitalism was embraced by the elite. It is argued here that behind this development is a particular convergence of underly-ing legitimation crises, the first within the realm of business and the second within the realm of fashion and the arts. These then force the two realms into collaboration in a pursuit of the com-mon goal of social legitimacy, accumulation of symbolic capital and (re)production of the pow-er mystique of the elite. The article is grounded in extensive ethnographic fieldwork among the North Indian business and fashion elite, from 2008-2013. (xsd:string)
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?:dateModified
  • 2017 (xsd:gyear)
?:datePublished
  • 2017 (xsd:gyear)
?:doi
  • 10.11588/iqas.2017.1-2.4073 ()
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  • en (xsd:string)
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  • 2566-6878 ()
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  • 1-2 (xsd:string)
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  • Forcing "Good" and the Legitimation of Informal Power: Philanthrocapitalism and Artistic Nationalism among the Indian Business Elites (xsd:string)
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  • Zeitschriftenartikel (xsd:string)
  • journal_article (en)
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  • GESIS-SSOAR (xsd:string)
  • In: International Quarterly for Asian Studies (IQAS), 48, 2017, 1-2, 55-75 (xsd:string)
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  • 48 (xsd:string)