September 4, 2014 12:00 am JST

A 21st-century Tata

The Tata Group, India's largest conglomerate, comprises more than 100 companies in a wide array of fields, including information technology, steel, cars, beverages, aviation and financial services.

     Group Chairman Cyrus Mistry, who assumed the leadership two years ago, has been dropping hints about his plans for a new growth strategy, including spending $35 billion over three years on boosting business.

     Will Mistry follow his predecessor, Ratan Tata, and continue expanding overseas through expensive acquisitions? Or will he instead go on the defensive, in a more conservative, domestic-focused direction? He has big shoes to fill -- Ratan Tata oversaw a twentyfold surge in group revenue during his tenure.

     How Mistry and his giant company perform will likely influence the recovery of India's economy.