The early Rockefellers made their wealth from being in certain businesses and remained personally very wealthy. Tata's were different in the sense the future generations were not so wealthy. They were involved in the business but most of the family wealth was put into trust and most of the family did not in fact did not enjoy enormous wealth.
Ratan TataIT and the entire communications business clearly have the greatest potential for growth. But if you're talking about sheer size, the steel and auto industries will remain at the top.
Ratan TataThe strong live and the weak die. There is some bloodshed, and out of it emerges a much leaner industry, which tends to survive.
Ratan TataIndia has probably lost its position to China as the world's workshop. At the same time it has the power to be ahead of China when it comes to knowledge. Not that the Chinese are far behind. They will get there. But our challenge is to invest sufficiently in education.
Ratan Tata