Tata Group is one of India's largest companies, employing 203000 people in many different industries, including steel, motor vehicles, watches and jewelry, telecommunications, financial services, management consulting, food products, tea, chemicals and fertilizers, satellite TV, hotels, motor vehicles, energy, IT, and construction.
Such diversity far exceeds that of any North American or Western European company.
What are the conditions in India that might make such broad-based diversification both feasible and profitable?