Wednesday, 12 November 2008

Indian Industry comes of Age

The Global Dow ( publishes by Dow Jones is the newest index kid off the block. It is heartening to know that amongst the 150 companies across the world who have found a place on the list, India lists high on the list. There are 4 home grown companies in the list: Tata Steel, Bharti Airtel, Infosys and Reliance Industries. 15 companies have subsidiaries in India which are listed on the Indian Exchanges. 21 companies have joint ventures with Indian Companies, 46 companies have their wholly owned subsidiaries and rest (64) of the companies are not yet represented in India. That makes it 82 companies which have business interests in India. This is a perfect repudiation of India not being completely integrated with the world economy.
This is also an answer to those who talk of India not being on the radar of global companies. This also proves that more than 50% of global companies are eyeing the ever growing markets of India.
Apart from these companies, there are scores of foreign companies which have a presence in India, some of these interests have been built up in the last two decades of liberalization and Globalization. With these business interests and their lobbyists it is hard to break away from the global economy. But this association itself will guarantee the stability of democracy and the continuance of principles of economic management followed in the last two decades.

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