Gift redeemed successfully

Conglomerates, duopolies and domination hamper India

The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.

2 November, 202516 min
5
Conglomerates, duopolies and domination hamper India

You may also like

Internet
Story image

Preparing for 2026

Subjects expected to dominate our conversation in the new year and some reflection on things that happened in 2025, now that it is almost behind us.

Internet
Story image

India made Truecaller a tech behemoth. Now it is slowly stifling the company

For over a decade, the Swedish caller ID company thrived on India’s lightly regulated digital ecosystem. Now, it faces some existential questions in its largest market.

Business
Story image

Adani circles nuclear power as India rethinks the rules

As India prepares to throw open its nuclear sector to private players, the conglomerate is taking position. But the technology, economics and risks look far tougher than anything it has scaled so far.