The new majority government at the helm of India has created a buzz and excitement in the business world, missing over the past two years. Indian businesses grappling with inertia after the euphoria of 2007-10 are on a new growth trajectory.
While the Indian economy and its growth will be the hotbed of progress in the near future, the real opportunity would be for Indian businesses to follow their peers in the US, Germany, Japan, South Korea, China, etc., and become multinational companies.
To keep on growing and hedge their growth risks, Indian businesses will have to leave the cosy environs of our sheltered economy and go global, by learning to access the international capital markets, buy into overseas businesses and control sales and distribution channels in the international markets like their competitors. Unless they think global, they will remain susceptible to economic shocks in the future.
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Gautam Khurana is the managing partner at India Law Offices in New Delhi.
D – 19 (GF) & D – 31, South Extension – 1
New Delhi – 110 049
Tel: +91 11 2462 2216, 2462218
Fax : +91 11 2465 4364
Email: g.khurana@indialawoffices.com
