It's the season of mergers; of public sector and then of departments

Consolidation has reversed a long spell of setting up new enterprises by each new govt in New Delhi

Beating the private sector hollow, it is the year of mergers in India’s public sector. Six banks have merged with State Bank of India (SBI); at least two of the oil marketing companies (OMCs) are on track to become one; and two of the general insurance companies will soon become one entity within financial year 2017-18. There has never been a more radical change to the face of the Indian public sector, since they began to dominate Corporate India landscape since the early Seventies. 

The consolidation has reversed a long spell of setting up new enterprises by each