Monopolistic Businesses in India: Can you think of any examples of monopolistic businesses in India? Today, we look at one of Warren Buffett's favourite types of business monopolies, but from the Indian market's perspective.

A monopoly is a type of business that dominates its respective markets due to the enormous advantage it has over its competitors. It's difficult to compete with these companies, and they always have the largest market share for the goods and services they provide.

However, when it comes to investing, the stocks of these companies are known as MOAT stocks. A "moat" is a ditch that is commonly dug around mediaeval castles. As part of the defensive preparations, this was done. To provide maximum defence, the moat around the castle should be as wide and deep as possible. A moat is a barrier to entry in the business world that prevents new competitors from entering the market.

These barriers can take the form of large amounts of capital, government restrictions, or a competitive advantage that a company has that makes it difficult for other businesses to compete with them. A monopoly, on the other hand, is a significant moat. The Top Monopoly Firms in India
Consider some of India's most powerful monopolies:

IRCTC is India's number one monopoly company.
The Indian Railway Catering and Tourism Corporation, abbreviated as IRCTC, provides ticketing, catering, and tourism services to the Indian Railways. Although it began as an entirely government-controlled entity, its shares are now traded on the National Stock Exchange.

Because only one entity is in charge of running Indian Railways, IRCTC has unrivalled power.

The government announced its intention to gradually privatise this industry, explaining its reasoning in the process. Read more on: Monopolistic Businesses in India