Prime Minister Narendra Modi assumed workplace practically a decade in the past with a objective of privatizing extra of India’s floundering state-owned belongings. For the nation’s enterprise elite, that message was a clarion name to rescue an inefficient public sector.

But because the funds of a few of those self same tycoons come below scrutiny — with Gautam Adani and Anil Agarwal two high-profile billionaires dealing with issues this 12 months — Modi’s already-struggling marketing campaign faces but extra hurdles. Since 2014, just one main agency has been privatized in India and a number of other current candidates have stalled.