Title: Structural changes regarding competition in the Indian corporate sector: an analysis of manufacturing and construction industries

Authors: Benito G. Lyndon

Addresses: The Centre for the Study of Regional Development, Jawaharlal Nehru University, New Mehrauli Road, New Delhi-110067, India

Abstract: The present study attempts to give a multifaceted picture of competition in the Indian industries for the last two decades of the liberal policy regime. The paper puts together three structural indices and gives an integrated interpretation. The findings show that around 83% of the industries exhibit high or moderate-high levels of inequality. Around 75% of the industries show a decline in concentration, 75% show an increase in market share inequality, and 70% show a decline in market share mobility. The findings indicate a distinct tendency of the market structure to improve in absolute terms and worsen in relative terms. The market structure is highly imperfect, and there is a gradual decline in competitive dynamism in the period. The implication for emerging firms in this context is to have alternative value maximisation strategies to improve their competitive positions.

Keywords: structural change; competition; competitive dynamics; market structure; market concentration; market share inequality; market share mobility; concentration; mobility; Herfindahl-Hirschman index; Cowell-Flachaire mobility index; Indian economy; manufacturing sector; construction sector; corporate sector.

DOI: 10.1504/IJBCG.2022.128153

International Journal of Business Competition and Growth, 2022 Vol.8 No.1/2, pp.1 - 25

Received: 20 Oct 2021
Accepted: 13 Mar 2022
Published online: 09 Jan 2023 *

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