This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/articles/modi-india-economy-reliance-industries-adani-group-tata-d2c4f89e

Modi’s Vision for India Rests On Six Giant Companies

Conglomerates are executing projects with a scale and speed that have eluded India in the past. ‘Era of great concentration.’

Air India planes at Chhatrapati Shivaji Maharaj International Airport in Mumbai. The 155-year-old Tata Group took control of the formerly state-owned Air India last year. FRANCIS MASCARENHAS/REUTERS

By Niharika Mandhana

and Newley Purnell

June 21, 2023 10:29 am ET

NEW DELHI—Prime Minister Narendra Modi says this is India’s decade. That claim rests heavily on a handful of dominant conglomerates.

Continue reading your article with
a WSJ subscription

Subscribe Now

Already a subscriber? Sign In