Growing Conglomerates: A Threat to India's Economic Equilibrium?

Congress claims that monopolisation by major entities like the Adani Group contributes to India's economic challenges. These conglomerates are allegedly gaining substantial market share in various sectors, including cement, raising concerns about fair competition and economic stability.

The Congress raised alarms over the increasing monopolisation by major conglomerates like the Adani Group, linking it to India's unstable economic growth, joblessness, and inflation.

Recent acquisitions by Adani, including Orient Cement, signal market dominance, sparking the opposition to demand government intervention to prevent oligopolies.

The Adani Group refutes allegations, maintaining compliance with laws amidst persistent critiques from the opposition regarding influence and market manipulation.

(With inputs from agencies.)