India's 'coal scam' will shake domestic industry
Despite near-term costs, the 'coal scam' offers Modi an opportunity to improve the industry's long-term future
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In this article
- Judicial assertiveness
- Causes of the problem
- Flawed liberalisation strategy
- Industry failure
- Wider triggers
- Near-term economic damage
- Gradual corporate reform outlook
- State monopolies
- Private players
- Policy reform
- Retaining state control?
- Reforming allocation procedures?
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This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
_350.jpg "A worker unloads coal from a truck inside a coal yard (Reuters/Amit Dave)")