It was not so long ago when India’s leading business groups believed it was only a matter of time before they controlled any number of key industries across the world.
The bullishness was triggered last year by Tata Steel’s £6.7bn ($10.1bn) takeover of Corus, the Anglo-Dutch steelmaker and has continued until Tata’s recent £2.3bn acquisition of the Jaguar and Land Rover marques.
