Should Indian public institutions be allowed to bail out private conglomerates when they face financial trouble?

The government of India recently coordinated a plan involving a major state-owned insurer to invest several billion dollars in a large private conglomerate facing regulatory and debt troubles. Critics say this is crony capitalism and a risk to policy-holders; supporters argue it stabilises the economy and protects jobs.

Yes – public institutions should step in to maintain stability

No – this undermines market discipline and risks public funds