![]() ![]() For example, the Tata group is one of the largest multinational companies in India and owns subsidiaries in automobiles, steel, fashion, hotels, and e-commerce. ![]() 'Large industrial houses' is the Indian term for business groups that span many industries, usually in related processes. ![]() The concentration of economic power in India is caused by the accumulation of resources by large industrial houses following the country’s independence and subsequent vacancies in ownership positions resulting from the exit of the British. Here, we consider this as the infiltration of superpowers to influence other nations, but you may find a majority of articles will focus on market power which is when business corporations overcome competition and dominate a market. Concentration of economic power is the collection of power by one organisation. ![]()
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