The issue of market concentration has been widely debated in the literature on industrial organization. Evidence shows that market concentration has implications on the long run growth path of an economy through its effect on the allocation of economic resources among various economic activities including innovation. In the changing scenario at global level, most of the developing economies including India have resorted to liberalization since the late seventies inter-alia with the objective to develop competitive industrial base in the economy. In this context, the present study broadly...