4. Under construction Korea Philippines Vietnam Singapore Thailand China Bangladesh India Pakistan Japan Taiwan Malaysia Indonesia
5. Fastest Growing Free Market Democracy 8.8% average annual GDP growth rate from 2003–04 to 2007–08 Sources: Times of India , RBI , The Economic Times . The Transformation... GDP Growth Forex Reserve FII Flow FDI Per Capita Inflation 1990 4.9 per cent < US$ 1 billion US$ 1 million (1993) US$ 97 million US$ 390 9 per cent 2008 9.0 per cent US$ 300.01 billion as on August 08, 2008 US$ 16.1 billion in 2007–08 US$ 25 billion in 2007–08 US$ 740 12.14 per cent as on September 13, 2008
6. Self Sufficiency Steadily increasing forex reserves offer adequate security against any possible currency crisis or monetary instability Increased confidence of investors in Indian companies has led to a surge in cross-border borrowings by corporate houses In 2007–08, forex reserves witnessed a growth of approximately 56 per cent over 2006–07 … t he decreasing external debt to GDP ratio indicates that India has a sound economic platform India’s forex reserves are in excess of external debt…
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10. Indian firms seek global reach Tata Steel bought Corus Plc Hindalco acquired Novelis Inc. Suzlon Energy Ltd. acquired REpower Dr. Reddy’s acquired Betapharm United spirits acquired W&M USD 12.1 billion USD 6 billion USD 1.6 billion USD 0.5 billion USD 0.5 billion Acquisition made Tata Steel world’s fifth largest steel producer globally Acquisition made Hindalco the world's largest aluminum rolling company Acquired German’s third largest generic companies Acquisition made United Spirits world's second largest spirit company Acquisition made Suzlon world's third largest wind power company
11. Major M&A and Investments Announcements in India USD 11 billion Vodafone buys Hutch USD 1.7 billion Plans to spend on its development operations in India over the next four years USD 12 billion POSCO to invest in building steel manufacturing plants and facilities in India by 2016 Plans expansion of cement capacity in India Over USD 1 billion Plans investment in private equity, real estate, and private wealth management USD 1 billion
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15. BRIC Report, Goldman Sachs “ I have never seen India so dynamic, vibrant and full of business opportunities”. - Dan Scheinman, Cisco System Inc. as told to Business Week, August 2005 “ We came to India for the costs, stayed for the quality and are now investing for innovation”. John Redwood Economic Competitiveness Policy Group, UK “ India is now truly a land of opportunity”. Jack Welch General Electric “ India is a developed country as far as intellectual capital is concerned”. Peter Loescher President and Chief Executive Siemens By 2032, India will be among the three largest economies in the world. Why India? – Quote Unquote Travyn Rhall, ACNielsen “ The Indian market has two core advantages - an increasing presence of multinationals and an upswing in the IT exports”. Craig Barrett Intel Corporation “ India has evolved into one of the world's leading technology centers“. Mr Paul de Voijs Managing Director Volvo Car India “ India is a very exciting market and the luxury car segment is growing exponentially here”.
Sources Used: Business World Hindu Business Line Economic Times Company Websites
Data outdated Updated data possible source IBEF Big names like IBM, SAP etc. to be included Other names which have global R&D / Large R&D teams may be indicated
This is a quick snapshot, non-quantitative summary. Important to contrast with Latin Americal, East Asian and E. European countries.
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