According to a recent study by the International Monetary Fund (IMF), corporate zombification is on the rise globally, leading to negative effects on healthy firms. In India, the focus on addressing zombie firms was temporarily abandoned during the COVID-19 pandemic, allowing these unviable businesses to continue operating. This has resulted in a duopoly emerging in sectors such as telecommunications and aviation, benefiting dominant players like Jio Infocomm and IndiGo.
Zombie firms are rising up again! Killing real competition in Indian telecom and aviation financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.