Big is beautiful in India?

Excessive focus on the biggest Indian companies could be counterproductive for employment generation

E F Schumacher’s book, Small is beautiful: A study of economics as if people mattered, was first published in 1973. The annual Indian central government Budget was presented a few weeks back. In the past 12 months, the government and the Reserve Bank of India (RBI) have taken steps to provide capital and liquidity support to beleaguered firms, including a suspension in the application of the Insolvency and Bankruptcy Act (IBC) and moratorium on interest payments.

However, eyes are probably getting glazed from looking for specifics about how employment opportunities have been, or would be raised for those languishing at the