Government policy

Frequent changes in the economic policies of the Government create instability, and business firms combine to minimize risks. Moreover, licensing and other control under planning in India involve so expensive and complicated procedures that small firm have to join hands to go through them. In some cases, Government pressure has resulted in combinations. Government has compelled sick and uneconomical units to merge together so as to improve their overall efficiency. Government itself may take over sick units and combine them to from a viable unit.

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