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 … Continue reading Big business in India benefits from taxes and regulations that are forcing small competitors out of business – sound familiar?