India's Middle-Class a Gold Mine' for Multinational Subsidiaries
1 year, 5 months ago

India's Middle-Class a Gold Mine' for Multinational Subsidiaries

Deccan Chronicle  

The article “Does Your Company Have an India Strategy?” in the Harvard Business Review threw the spotlight on Indian subsidiary firms being valued higher than their parent companies. The key drivers cited for the higher revenues and profits of the Indian subsidiaries were their ability to tap into India’s rapidly expanding population, robust economic growth and increasing middle-class purchasing power. The World Economic Forum summarises it well, “In terms of sheer numbers, the largest urban transformation of the 21st century is … happening in India,” the article said. Goldman Sachs calculated India’s real GDP growth rate during 2010-2019 at 6.9%, the second fastest among all major economies in the world and more than three times as fast as developed countries. Listing lessons for Multinationals, it says that they must develop strategies tailored to the Indian markets, invest in local resources, understand the cultural nuances, and leverage India’s digital infrastructure to succeed in this promising market.

India Growth Indian  higher  gold  company  subsidiary  growth  subsidiaries  multinational  middleclass  rate  largest  indian  economic  indias  india

History of this topic

How India, not China, is leading the revival in global steel
11 months, 4 weeks ago

How India, not China, is leading the revival in global steel

Live Mint  

After a slump in 2022, the global steel industry is set to close 2023 with marginal growth. After making a smart recovery from the pandemic in 2021 when production grew 3.6% at 1,912 million tonnes, the global steel industry slumped by 4.3% at 1,831.5 mt last year. The reasons for the decline last year were a fragile world economy grappling …

India is making its mark in the world
1 year, 6 months ago

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Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

Want mineral-intensive growth for new-age economy? Ease mining
1 year, 11 months ago

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Live Mint  

2022 has been remarkable for India. As India’s EV sales are set to rapidly for the rest of this decade, demand for lithium, cobalt, nickel and graphite will be enormous, along with that for iron ore in the form of steel, bauxite as a source of aluminium and copper, which are metals used across all types of vehicles. However, India’s …

India's gold output could rise multifold if hurdles removed, says WGC
2 years, 9 months ago

India's gold output could rise multifold if hurdles removed, says WGC

The Hindu  

India's annual gold production could surge to 20 tonnes from a mere 1.6 tonnes if the government removes bureaucratic hurdles and encourages investment in the sector, the World Gold Council said in a report published on Thursday. But change is needed for this to happen, legacy hurdles must be reduced considerably, and investments encouraged," said Somasundaram P.R., regional chief executive …

What is behind India's renewed love for gold?
2 years, 11 months ago

What is behind India's renewed love for gold?

Business Standard  

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India's Gold Imports Surged 471% to a Record 160 Tonnes in March: Report
3 years, 8 months ago

India's Gold Imports Surged 471% to a Record 160 Tonnes in March: Report

News 18  

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What will drive India’s next economic transformation, writes Amitabh Kant
4 years, 3 months ago

What will drive India’s next economic transformation, writes Amitabh Kant

Hindustan Times  

With global supply chains being reforged, India must position itself as a vital link in this new order. With global supply chains being reforged in the light of the pandemic, India must position itself as a vital link in this new order At the same time, India imports a large number of commodities that are available in abundance within India …

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