What must be done so that Indian companies make it to the Top 100 global lists?
A good place to start is to think about the nature of the business environment in India and where India stands internationally. Certainly, India is on the right track and is improving its economic performance. The growth in GDP per capita has been quite good. The growth in productivity is still low, but there is some evidence that it has picked up a bit. Although I did say in my presentation at Mumbai earlier this year that there seems to be a slight deceleration, it is not yet clear what we should make of that. India’s exports are growing, but that growth is dominated by growth in service exports and in particular IT-related services. India is doing quite well in IT-enabled services, but to a considerable extent, that’s it! It’s a one-trick pony. India is getting tremendous international profile from IT service exports, but they aren’t indicative of the broader economy. If you look at the India’s export portfolio, the export clusters that are growing rapidly are jewelry and precious m
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