Breakingviews - India needs more, not fewer, powerful tycoons

Economic Dependence on Tycoons: India's economy heavily relies on a few industrialists, particularly the Adani Group, raising concerns about the risks associated with such concentration of power and wealth among a small number of families.

Challenges for Competition and Investment: The dominance of these conglomerates stifles competition and private investment, prompting calls for government reforms to level the playing field, although efforts to do so have faced challenges.