Lions lose their share

Concentration means how much share top companies have in the economy in terms of various parameters. The lower the concentration, the better it is for the economy as it bolsters competition, which in turn improves efficiency, both in terms of cost and productivity. However, over the last 20 years, the concentration in developed markets has increased. Due to slow growth, many companies are looking for inorganic ways to increase growth, which has increased concentration globally. Just the opposite is happening in Indi