Being world class is a 'mindset' Do everything in your company comparable to the best in the world, no matter at what scale your business is. Suggestions for Indian Companies:
The process of globalization has been an integral part of the recent economic progress made by India. Globalization has played a major role in export-led growth, leading to the enlargement of the job market in India.
One of the major forces of globalization in India has been in the growth of outsourced IT and business process outsourcing BPO services. The last few years have seen an increase in the number of skilled professionals in India employed by both local and foreign companies to service customers in the US and Europe in particular.
As a new Indian middle class has developed around the wealth that the IT and BPO industries have brought to the country, a new consumer base has developed. International companies are also expanding their operations in India to service this massive growth opportunity.
Globalization in India has been advantageous for companies that have ventured in the Indian market. By simply increasing their base of operations, expanding their workforce with minimal investments, and providing services to a broad range of consumers, large companies entering the Indian market have opened up many profitable opportunities.
Indian companies are rapidly gaining confidence and are themselves now major players in globalization through international expansion.Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide.
Globalization has grown due to advances in transportation and communication technology. Jul 17, · With a population of over a billion and growing, India still remains a big consumption story that’s attracting every prominent multinational to either expand its presence here or set up shop if.
Jul 17, · On an average 75 per cent of their total revenues come from international operations and they hold 57 per cent of their total assets overseas. | 15 Indian companies that are most global.
GLOBALISATION AND THE INDIAN ECONOMY. IMPORTANT QUESTIONS. 1.
Should more Indian companies emerge as MNCs? Ans: There is much scope for Indian companies to emerge as MNCs. These are the companies mainly related to Information Technology (IT sector), accounting and administrative sector. India welcomed globalization with open arms, the result of which can be seen clearly.
India's Export and Imports have grown significantly over the last two decades. Quite a large number of List of Companies in India have made a reputation for themselves on the global scenario.5/5(21). Impact of globalization on Indian economy- An overview by providing facilities to foreign companies to invest in different fields of economic activity in India, removing constraints and.