Like Indian comment producers were found colluding to keep the domestic cement price high.
If there was competition from foreign players, this would have not happened
If there was competition from foreign players, this would have not happened
It is not like we do not have any checks and balances. We have an activist Supreme court as well as high courts which ignore average folks but open their doors at 3 am for special hearings for important folks.
However overzealous regulation in India has also meant that a Copper plant in India was closed in Tuticorin after protests allegedly funded by Chinese interests. Now India imports Copper from China. Apparently the main reason why protests happened (pollution) did not change 1 year after closure of the plant. Whereas thousands of poor unskilled laborers did lose their jobs.