Who controls the Indian economy: The role of families and communities in the Indian economy

Research on the concentration of corporate control frequently highlights the role of a few families, who control large swaths of their economies. The prominent role of certain communities is also evoked in these discussions, but the extent of their influence is unclear. Public and scholarly debate is also divided on the meaning of this kinship-based control; whether it reflects entrenchment or entrepreneurship. This paper examines questions...