ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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the market share of monopoly concerns, however they may be defined. This confirms Marx's theory about the increasing centralisation of capital in an industrial society. The apparent fact that the trend in India is not analogous should call for caution in applying Marx's laws of motion to the Indian corporate sector". On the whole, according to Chandra, the system may- have contained the monopoly forces to some extent, though at a disaggregated level, some monopoly homes received undue favours. Despite the various liberalisation measures gradually since 1966 and particularly since 1972, there is still no indication that overall monopoly power in the economy has increased since 1971.

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