Through a critical review of some of the literature and making use of information relating to Indian groups, the case is made for a more bottom-up, and more historical, approach to the study of the developing country business group. The lack of clarity and unanimity in the conceptualization of...

This paper uses some available but not necessarily commonly known information on Indian business groups as the basis for interrogating some of the recent analysis of the business group in developing countries, analysis which seeks to explain why such groups exist and their consequences. The...