What is the role of intellectual capital for economic development?

Role of TATA's in economic development of India?

• I just wanted to know the contribution of TATA group of industries to the economic development of INDIA

• Answer:

  Scaling up the ladder in terms of market capitalisation, the Tata Group on Monday became the first corporate entity in India to cross Rs 2000 billion-mark (US$45.2 billion) in market capitalisation. The market capitalisation of 29 listed companies owned by the Tata Group stood at US $46.1 billion constituting over seven per cent of the Bombay Stock Exchange Ltd, the Tata group said in a release here. According to the latest data available with the Bombay Stock Exchange Ltd (BSE), the market cap of oil major ONGC stood at US $39.4 billion while that of Mukesh-Ambani controlled Reliance Industries Ltd (RIL) stood at US $ 24.5 billion. Tata Consultancy Services Ltd (TCS) occupies the top spot among the group companies with a market capitalisation of US .8 billion, recording a rise of 25.1 per cent in the last 12 months, it said. The other leading companies in the pack include Tata Motors (m-cap of US $7.3 billion), Tata Steel (m-cap of US $5.6 billion), Tata Power and VSNL with market capitalisation of US .4 billion each, it said.