'Better highways, more flights helped large Indian companies to squash smaller rivals'

The 20 most profitable firms in India now generate 70 per cent of the country's profits and the growing dominance of a handful of very large companies in India is changing the template of capitalism in India, according to a research by Marcellus Investment Managers.

"Behold the Leviathon: The Remaking of India's Capital Economy" a blog authored by Saurabh Mukherjee and Harsh Shah, CIO and Analyst respectively at Marcellus Investment Managers argues that the 20 most profitable firms in India now generate 70 per cent of the country's profits, up from 14 per cent thirty years ago.

It says that the rise of India's networked economy

( With inputs from IANS )