Globalization – making India competitive

Financial Services:

In 1990 the Bombay Stock Exchange was a den of thieves, where crooked brokers and companies rigged prices and duped small investors. Once foreign investors entered the Indian market, they paid high prices for companies with good standards. For the first time, honesty actually paid. Indian companies have been forced to maintain clear financial books. We have, in the process, created one of the most efficient capital markets in the world.

Automobiles:

In the old days of self-sufficiency, the Indian auto industry emitted massive pollutants without a second thought. But competition with global auto majors, both in the domestic and export markets, have forced them to adopt Euro emission norms. Today Indian engineers are rapidly churning out new models more cheaply than their US counterparts.

Pharmaceuticals:

To cope up in a globally competitive environment, Indian drug companies have been forced to identify their core competencies. Today Indian pharmaceutical organizations are rapidly evolving into major global players with strengths ranging from reverse engineering to contract R&D, contract ingredient production, clinical trials and most interestingly new drugs research.