Top 5 large conglomerate must be dismantled

  • March 31, 2023
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Top 5 large conglomerate must be dismantled

Subject :Economy

Section :Msc

Context: Former Deputy Governor of Reserve Bank of India Viral Acharya has suggested that the top five Indian conglomerates, including Mukesh Ambani­backed Reliance group, Tata Group, Aditya Birla Group, Adani Group, and Bharti Telecom be dismantled as their market dominance could be responsible for keeping core inflation persistently at a high level

What is crony capitalism?

Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.

What is core inflation?

Core Inflation:

Inflation excluding ‘food and beverages’ and ‘fuel and light’ – the transitory components of the consumer price index.

Conventionally, core inflation is calculated by excluding ‘food and beverages’ and ‘fuel and light’ groups from overall inflation (CPI-C).

economy Top 5 large conglomerate must be dismantled