Is India the preferred Business Destination for Global Companies? An Open question????????.
India has been attracting high foreign investments globally and global companies are very eager to invest in the various sectors of the country.
The government of India has not left any stone unturned in making the country the best destination for foreign investors by making reforms in the FDI policies and the business environment.
For the last few years, I have been witnessing a lot of Indian-origin professionals becoming CEOs of US & many MNCs companies globally. Some of them coming to my mind is Mr #SatyaNadella #microsoft. Mr #SundarPichai #Alphabet. Mr #ShantanuNarayen # Adobe.Mr #ArvindKrishna #IBM.Mr #ParagAgrawal #Twitter.Mr #Ivanmenezes # Diageo.Mr #PunitRenjen # Deloitte. Ms #RevathiAdvaithi #Flex. Ms #AnjaliSud #Vimeo.Mr #VasantNarasimhan #Novartis.Mr #SandeepMathrani #Weworks. Ms #JayashreeUllal #Aristanetworks. Mr #Sandeep Kataria # Bata. Mr #SanjayMehrotra #Micron.Mr #Nikesh Arora # PaltoAltoNetworks. Mr R.Raghuram #VMWare. Mr #GeorgeKurian #NetApps. Mr #RajeevSuri #Inmarsat. Ms #LeenaNair #Chanel.Mr #RajSubramaniam #Fedex. Mr #CSVenkatakrishnan # Barclays latest being Mr # LaxmanNarasimhan Ceo # Starbucks.
My question????
Is it a power game board strategy?
Is it India's GTM new strategy for global companies?
Is it India's consumption story?
Is Indian now recognized as a global business hub?
Is it because Indians have high EQ balanced with IQ?
Today's news also states India is a fraction of a billion/million dollar ahead of UK so is India emerging as a top business country destination in the world.
Is India gearing up for a big leap to cater to world markets???
Are Indian companies ready to challenge global suppliers & cater to world needs?.
Is India's internal consumption much higher leading to global companies to come & open their businesses in India?
Is India a forerunner in manufacturing after China Crisis?
Is the world looking at India for designing developing and deploying innovative solutions as done in Covid Vaccination?
Let's glance at other country's businesses strategy plans as seen
USA and China are tops of course currently but heading towards a recession.
Europe fighting its own problems the biggest being Brexit.
Southeast Asia is racing to the finishing line.
Japan has nothing to improve upon.
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The Middle East has finally found its purpose with its fossil fuel of gold.
In our neighborhood, Pakistan, Bangladesh, Sri Lanka, Nepal, Burma, and Afghanistan are all prepared for their next business transformation.
Australia and New Zealand have no worries.
Africa is now transforming itself as the New Europe.
As per many market research companies
India is now on top most the dream-prized market of many global companies, India is the biggest overseas market and also one of the fastest economies in the world. Bringing the best in class customer experiences and a large customer prime base yet to be tapped.
Tantalizing market opportunity. India is one of few large and under-penetrated E Commerce markets with retail penetration of only 5%, well below the global levels
The major encouraging factor for foreign investors to invest in India is the low wages, highly skilled workforce, and liberal foreign direct investment policies.
India is termed the fastest growing economy and the capital markets of the country are also booming.
Some key take points why global companies should look at India as their next investment destination.
India is an emerging mega economy that has skilled human resources and the country is rich in natural resources as well.
India is said to be the country that will be having the largest youth population in the world in 2020
There are many sectors in India where foreign direct investment has increased to 100% which shows that the government is eager to invite foreign investors to invest in the majority of the sectors.
Important reforms are being made in the FDI policy to safeguard Indian companies as well as develop India as the best and top destination for foreign companies.
The consumer market of India attracts foreign investors as they want to tap the Indian markets due to its high volume and high spending capacity. It is said, that the Indian consumer market with private consumption will increase four times by 2025.
The start-up environment and the tech start-up ecosystem have been booming in the country and have also been attracting the highest foreign direct investments.
India is the 18th largest export economy in the world. The top 5 commodity exports of India are Diamonds, Refined Petroleum, Rice, Aluminium, and Raw Sugar.
India’s strongest exports lie in the services sector, making up over 58% of India’s economy in 2015, particularly in services like IT, pharmaceuticals, and engineering goods.
India has one of the oldest stock exchanges in Asia and ranks eighth in terms of “protecting minority investors” according to the World Bank.
Unlike many other emerging economies, India has a positive macroeconomic environment: inflation is under control, and it has record high foreign exchange reserves and a tamed current account deficit – thus reducing vulnerability to global economic shocks.
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2yGood one
Technology Evangelist
2yThanks Mr Lalla for putting up multi-context outlook of India poised for growth.