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Competition is good
THE WEEK India
|December 21, 2025
The IndiGo fiasco is a warning to the dangers of market dominance rife in many sectors
THE GREAT PROMISE of free market economics, especially when liberalisation took root in India in the 1990s, was that competition will lead to better service, competitive costs and protection of customer interests. That may not be the case, according to the Herfindahl-Hirschman Index, or HHI, an international standard used by American and European competition regulators to assess the robustness of free markets.
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