Which among the following is the most logical corollary to the above passage ?

Correct Option: (c) Greater transparency in the functioning of the government and promoting the financial inclusion are needed at present

The passage discusses the detrimental effects of crony capitalism, which harms free enterprise, opportunity, and economic growth by eroding transparency and competition. In developing economies like India, this leads to the "middle-income trap" where oligarchies are created, slowing down economic progress. To counter the issues of corruption, lack of competition, and oligarchy, the most logical and rational solution is to establish robust governance structures. This requires greater transparency in the functioning of the government and promoting financial inclusion to ensure that resources are not monopolized by the rich and influential. Options (a) and (d) are unrelated to the core themes of transparency and crony capitalism. Option (b) suggests providing licences to the poor, which does not address systemic transparency. Thus, option (c) is the most logical corollary.