Prøve GULL - Gratis

IndiGo jolt: Is the megacorp becoming the new state?

Mint Mumbai

|

December 12, 2025

Under India's new economic order, consumption has become a dependency, mediated—beyond choice—by ownership of infrastructure.

- SHUBHRANSHU SINGH

IndiGo jolt: Is the megacorp becoming the new state?

Last week, at Mumbai airport, I saw IndiGo's embattled yet intact front-line. Yet, real authority was up in some cloud that no individual seemed able to override.A generation ago, you were courted by multiple companies vying for your money. Today, you sit within an ecosystem where opting out is costly, inconvenient and often practically impossible. Be it insurance renewals, broadband service packs or credit card rewards, you are trapped. Legalese aside, the choices on offer are hardly volitional. It happens when scale, technology and capital converge faster than regulation.

In India, the social implications feel more acute because the private sector is running systems once expected of the state. Telecom coverage, digital-payment rails, data distribution, identity-linked credit and logistics networks are all public goods. They offer extraordinary convenience but lock citizens into corporate interfaces that resemble those of a passport office more than a marketplace.

When switching costs turn prohibitive, loyalty is indistinguishable from captivity. An exit is not a right but a loss. You can raise your voice or plead, but the system need not listen. An uneasy question then arises. Has private-sector ascendancy left Indian consumers weak? We are witnessing a new form of dependence. It does not stem from scarcity, as it once did, but from abundance delivered through a single gatekeeper.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Mint Mumbai

THE DECADE THAT CHANGED HOW INDIA PAYS

A study across two Indian states offers a view of how Indians are experiencing UPI

time to read

8 mins

December 12, 2025

Mint Mumbai

The woman who walked away with Aakash shares

UAE businesswoman named in a Delaware case against Byju Raveendran and his flagship business has stepped in his place, subscribing to a ₹250-crore rights issue of associate company Aakash Educational Services Ltd (AESL).

time to read

5 mins

December 12, 2025

Mint Mumbai

Railways eyes ₹1.5 tn new corridors for cargo boost

Explores three new dedicated freight networks in east, south and central India

time to read

3 mins

December 12, 2025

Mint Mumbai

Mint Mumbai

Fed’s fractured vote signals trouble ahead for future rate cuts

Jerome Powell pushed through a rate cut Wednesday over the broadest reservations of his nearly eight-year tenure, and in doing so, implicitly delivered a pointed message to President Trump and his own successor:

time to read

5 mins

December 12, 2025

Mint Mumbai

Mint Mumbai

How did China amass its $1 tn trade surplus?

Despite steep US tariffs, China's exports have kept growing. In the first Il months of 2025, its goods trade surplus topped $1 trillion, a level not seen before. Mint explains how Beijing managed this record-breaking run, and what it means for India and the rest of the world.

time to read

2 mins

December 12, 2025

Mint Mumbai

DATA RECAP: THE WEEK IN CHARTS

This week Amazon pledged to pour billions into India, while fight disruptions at IndiGo led to regulatory interventions and a potential revenue hit.

time to read

2 mins

December 12, 2025

Mint Mumbai

Hostility premium

A hostile bid for a company may sound ominous, but it's usually a scare only for its management.

time to read

1 min

December 12, 2025

Mint Mumbai

Regulators, bankers to chart finance map at Mint summit

The chief of India’s market regulator and the deputy governor of the country’s central bank will headline the 18th edition of the Mint BFSI Summit in Mumbai today.

time to read

3 mins

December 12, 2025

Mint Mumbai

Mint Mumbai

With a $35 bn push, Amazon puts e-comm rivals on notice

Funds will support e-commerce, Amazon Web Services, Prime Video, MX Player and devices

time to read

2 mins

December 12, 2025

Mint Mumbai

Mexican tariff wave to slam $2 bn auto exports from India

India Inc. faces another external shock to its automotive export engine, with Mexico imposing steep tariffs of up to 50% on passenger vehicles, two-wheelers and auto components from several Asian nations, including India.

time to read

3 mins

December 12, 2025

Listen

Translate

Share

-
+

Change font size