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date: 07 July 2022

Abstract and Keywords

The objective of this article is to examine the evolution of family business groups in India, one of the fastest-growing emerging economies in recent times and a country where business groups have been an integral part of the economy ever since formal industrial activity took its roots in the country around the latter half of the nineteenth century. This article seeks to provide a historical overview of the process of evolution of Indian business groups in economic activity, focusing specifically on the dynamics underlying its persistence and resilience as a dominant organizational form despite significant changes in the institutional environment from time to time. In doing so, this article seeks to highlight, in light of the existing theoretical and empirical literature on business groups, important elements of their organizational structure, diversification strategies, their governance and performance, and finally on changes in their competitive capabilities, if any, over time.

Keywords: Indian business groups, economic activity, organizational structure, diversification strategies, governance

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