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Question posted: 08 29 2009 08:11:58 +0000,
1 answers, 205 views, last activity
07 06 2010 20:18:08 +0000
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The new Ernst & Young report suggests that India is now home to nine of the top 300 most valued companies globally. And 80% higher in share compared to just five companies as on 31 December 2008, the highest growth in share amongst Asian countries as well as BRIC peers. According to the study, the recession has altered the make up of the top 300 global companies by value with a marked move away from the US and Europe to Asia. Of these Asian companies, the most dramatic growth has been in Indian companies both in count as well as market capitalization.
The industry mix of the above mentioned 9 companies highlights the resilience of the core sectors to the current economic environment. Six of these nine companies come from basic heavy industries such as oil & gas, power and mining, whilst the remaining three come from the services sector. Reliance Industries has the highest market cap, followed by ONGC, NTPC, MMTC and Bharti Airtel. The new entrants in June 2009 were NMDC, State Bank of India, BHEL and Infosys Technologies.
So what do you people think, is India Inc gaining ground among the world's most valued companies??
Ya I think so. With India ruling top nine of 300 companies of the world, anybody can very easily say we have a very good position in global market Also, Indian products are gaining its image in global market. Recently, our markets became open for undiscovered markets like Africa and Australia which is increasing our sales. All these clearly shows Indian companies are gaining a good ground among world's most valued companies..........
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Is India Inc gaining ground amongst the world’s most valued companies? |
Hey Joydip thanks for the referral, but most of the happenings are there in Kolkata...and very less places to choose from.. |