India has experienced very rapid economic growth and is one of the fastest growing economies in the world. It is well integrated into the global economy and projected to become the third largest economy by 2032. India has leveraged factors like a young population and continued development to achieve high growth rates. Several Indian companies have become leaders in their industries and many multinational corporations are taking advantage of India's skilled workforce and market opportunities.

1. FASTEST GROWING FREE MARKET DEMOCRACY IN A GLOBAL ECONOMY INDIA SUNEEL GUPTA ASSOCIATE PROFESSOR GHS-IMR,KANPUR.

2. THE INDIA STORY

3. 1947 : Year of Indian Independence Today’s India is one of the fastest growing Democratic Market Economy, well on it’s way to be integrated with the world economy The famous Goldman Sachs report ( Dreaming with BRICs: The Path to 2050 ) states that, among Brazil, Russia, India and China, India will grow the fastest over the next 30 to 50 years by leveraging its demographic advantages and through continued development India’s GDP will exceed Italy’s in 2016, France’s in 2019, Germany’s in 2023 and Japan’s in 2032 INDIA TO BECOME THE 3 RD LARGEST ECONOMY IN THE WORLD BY 2032 AND… THE STORY BEGAN IN 1947

4. Share Of Services Sector In GDP On The Rise (%)

5. Land Area: 3.29 m sq. km. Population: 1.0 9 b GDP: US $ 6 3 0 b Real GDP Growth: 6.9% Gross Domestic Savings: 28.1% (2003-04) Gross Domestic Investment: 26.3% (2003-04) Per C apita Income: US $ 5 80 Inflation Rate: 6.4 % Macro Economic Indicators (200 4 -0 5 )

6. Exchange Rate: US $ 1 = 43.75 Merchandise Exports: US $ 80 b Merchandise Imports: US $ 106 b Services Exports: US $ 51b Foreign Direct Investment: US $ 5.5 b Foreign Portfolio Investment: US $ 8.9b Direct Investment Abroad: US $ 1.5b Macro Economic Indicators (200 4 -0 5 )

7. INDIAN SUCCESS STORIES

8. Number of foreign firms acquired 120 by Indian companies during 2001 - 03 Total worth US $ 1.6 b India - 8th largest investor in the UK No of investments 440 No of Indian companies with 1,441 operations in Singapore Indian MNCs - On a global buying spree

9. Hero Honda - Largest producer of motorbikes in the world Moser Baer - World’s 3rd largest producer of optical media Hero Cycles - World’s largest bicycle producer Bharat Forge - Amongst the world’s top 3 forgings manufacturers UB Group - World’s 2nd largest producer of alcoholic beverages Paharpur Cooling Towers - World’s 2 nd largest manufacturer of Cooling Towers India – Leading The World

10. India – Leading The World Apollo Hospitals - Single largest hospital chain in South Asia TISCO - world’s cheapest producer of steel Reliance Industries - World’s largest producer of PTA, a chemical used in textile production Mahindra & Mahindra - Amongst top 3 tractor manufacturers in the world Telco - Amongst top 3 truck manufacturers in the world Welspun - World’s largest producer of terry-towels Gujarat Ambuja - Amongst top 5 cement producers in the world

11. Some Indian Examples Benchmarked with the Best In The World

12. Success Story of RELIANCE The Reliance Group founded in 1932, is India's largest business house with total revenues of over US $ 22.6 b and exports of US $ 3.6 b It began as a an SME The Group's activities span exploration and production of oil and gas, refining and marketing, petrochemicals, textiles, financial services, insurance, power, telecom and infocom initiatives The Group exports its products to more than 100 countries the world over Reliance Group revenue is equivalent to about 3.5 % of India's GDP The Group contributes nearly 10% of the country's indirect tax revenues and over 6% of India's exports Today, the Reliance Group has one of the largest family of shareholders in the world

13. Success Story of WIPRO Wipro was set up in the backdrop of the small town of Amalner in Maharashtra in 1945 An SME and primarily an oil factory, the chief products were Sunflower Vanaspati and 787 laundry soap It was in the early eighties that Wipro made its foray into the Infotech arena With this began the Wipro Infotech story Today, Wipro stands at the firmament, as a trusted and experienced provider of a comprehensive range of IT services, solutions and products, worldwide

14. Success Story of BHARTI Bharti Enterprises has successfully focused its strategy on telecom while straddling diverse fields of business It all began as a Small Industry Bharti Tele-Ventures is today acknowledged as one of India's finest companies, and its flagship brand 'Airtel', has over 12 million customers across India Recently, Bharti has successfully launched an international venture with EL Rothschild Group owned ELRO Holdings India Ltd., to export fresh Agri- products exclusively to markets in Europe and USA

15. Success Story of DR.REDDY’S Dr.Reddy’s Laboratories was founded in 1984, with a capital of US $40,000 in cash and US $120,000 in bank loan In fact, it is this spirit of entrepreneurship that has shaped the company to become what it is today Today, the company with revenues of US $446 m, in fiscal year 2005, is India’s second largest pharmaceutical company and the youngest among its peer group Dr. Reddy’s started its drug discovery programme in 1993 and within three years it achieved its first breakthrough by out licensing an anti-diabetes molecule to Novo Nordisk in March 1997 With this very small but significant step, the Indian industry went through a paradigm shift in its image from being known as just ‘copycats’ to ‘innovators’! Through its success, Dr. Reddy’s pioneered drug discovery in India Today, the company manufactures and markets API (Bulk Actives), Finished Dosages and Biologics in over 100 countries worldwide, in addition to having a very promising Drug Discovery Pipeline

16. Success Story of BIOCON Biocon is India's leading biotechnology enterprise Over the past 25 years, they have evolved from an small enzyme manufacturing company to a fully integrated biopharmaceutical enterprise, focused on healthcare At Biocon, success has been their ability to develop innovative technologies and products and to rapidly leverage them to adjacent domains This unique "integrated innovation" approach has yielded a host of patented products and technologies that have enabled multi-level relationships with their global clientele As India's first and leading biotechnology company, Biocon extends its support to numerous community outreach and corporate citizenship initiatives with special concentration in the areas of healthcare, education and environment The Biocon Foundation, set up in 2004 has recently launched Arogya Raksha Yojana, a unique health initiative for rural India

17. Success Story of Paharpur Cooling Towers In its over four decades of existence, Paharpur has come to be acknowledged as the pioneer in the Indian cooling tower industry It all began as a small industry with a capital of US $ 11,000 At today's selling prices, Paharpur has sold cooling towers valued at over US$ 1 b If these cooling towers were all working together, they would be able to cool more than 265 million liters of water every minute or 382 b liters in 24 hours The Paharpur team consists of highly qualified engineers & professionals with over 1,000 man years of experience in the field of cooling tower application engineering, designing, erection and trouble shooting Paharpur has pioneered several improvements in cooling tower design and operation and has emerged as one of the largest cooling tower manufacturers in the world, with exports to more than 40 countries

18. Success Story of Standipack A successful SSI unit set up in 1980, in NCR, Delhi It is the largest lube oil flexible packaging company in India producing packaging materials, machinery and systems and doing contract packaging Produces /contract packages over 300 m packages a year, for the oil majors in Delhi, Kolkata, Chennai and Mumbai Patents in most countries of the World

19. MNCs leveraging the India Advantage

20. THANK YOU