Big business in India benefits from taxes and regulations that are forcing small competitors out of business – sound familiar?
Big business in India has adopted the tactic of eliminating competition through onerous regulations. Many of us can remember the American corner grocery, local pharmacy, small bakery, tiny-herd dairy farm, one-person law or accountant firm. Tens of thousands of small companies have closed in recent decades, replaced by chains and their monopoly practices of poorer service and higher prices. The three major reasons for the closings are: Huge firms undercutting […]