Foreign companies are also not able to face these companies including Reliance Group, Tata to Adani, because because of this these companies get protection, so they should also get a chance.
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Inflation in India: At present, inflation is increasing continuously in the country, the burden of which is falling on the common people. In such a situation, the Deputy Governor of Reserve Bank of India Viral Acharya has accused Reliance Group, Tata Group, Aditya Birla Group, Adani Group and Bharti Telecom companies that due to these 5 big companies of the country Dearness is increasing.
A former RBI chief said that India’s largest conglomerates which have more price-fixing power in retail, resource and telecom sectors and contribute the most to inflation, should be abolished. Due to these 5 big companies, small local firms have to face many problems.
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The former deputy governor of RBI says that even foreign companies are not able to face these companies including Reliance Group, Tata to Adani, because these companies get protection due to heavy tariff plan of the government. Many consider the industrial policy of New India to be a national champion, which directly helps in keeping the prices at a high level.
Explain that such companies should be abolished to increase competition and reduce the power of foreign companies to decide the price.
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Customers do not get benefit
Indian customers are still not able to fully benefit from the fall in raw material prices as these big 5 companies control metal, coke, refined petroleum products as well as retail business and telecom sectors.
Some things are still very expensive for the common people in India, while inflation has come down significantly due to the removal of supply-chain problems. Let us tell you that in order to reduce inflation, RBI has increased by 250 basis points from the month of May last year.
