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India is expected to produce more multinational companies than any other emerging country over the next 15 years, according to a PwC report. The report found that over 2,200 Indian companies will likely establish foreign operations in that time, surpassing China. This trend is driven by increasing globalization and improvements in communication technology that allow more emerging market firms to operate internationally. Indian and Chinese companies will lead this trend, joined by businesses from countries like Singapore, Russia, and South Korea.
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This paper was undertaken as an individual research by me during the summer of 2018. The main idea behind writing this paper was to familiarize myself with the current startup trends around the world and what makes a start-up attract huge amounts of funding from financial institutions and/or other big co-operations.Weekend News
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The document summarizes various economic news from India:
- 16 Indian companies were named in Forbes' Asia Pacific's 50 biggest companies list, including Infosys, TCS, ITC and Mahindra & Mahindra. India and China accounted for 32 of the 50 companies.
- Axis Bank saw a 29% rise in revenues and 57% rise in profits. It plans to add 200 more branches.
- GE plans to set up a new $50 million manufacturing plant in India and hire 3,000 people for its technology centre.
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Foreign direct investment (FDI) brings investment from other countries into India. Regulations require FDI in retail to invest only in large cities, source 30% of materials locally, and invest 10% in infrastructure. FDI benefits India through revenue, job creation, technology transfer, and development of sectors like infrastructure, energy, and more. The limits on FDI by sector range from 26% to 100%. In 2015-16, the largest sources of FDI were services, telecom, and trading. Global FDI projections see continued growth in India through 2016.Benefits of Software IT Outsourcing in India
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With many positive factor to develop happening in the IT sector and communication in India. Software IT outsourcing development at India has mostly sought after and boosting with cost efficient.Make in india
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This document discusses India's Make in India initiative to transform the country into a global manufacturing hub. It aims to cut red tape, spur foreign investment, and drive job creation and economic development. Key sectors highlighted for growth include automobiles, IT, textiles, media, tourism, infrastructure and more. Challenges to growth include poor education and lack of awareness in some areas. The document advocates improving program delivery, extending urban facilities to rural areas, and raising education standards to help overcome hurdles to development. China is cited as potentially shedding manufacturing jobs that India could attract if bureaucratic hurdles are reduced.Boom- THE SMILING FACE OF INDIA
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IN 2006, Indians bought 65 million mobile phones, 10 million television sets, 6.34 million personal computers, and over a million new cars. A consumer boom in of this kind has not been seen in India ever before. But all these happen in last year. This year is expected to be still better, through not many are willing to hazard a guess on what these numbers will be. The Delhi based manufactures association of information technology estimates PC sales to touch 8 million this year.FDI in India : R & D 
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The document analyzes sector and cluster effects of foreign direct investment (FDI) in research and development (R&D) in India from 2003-2009. It finds that over half of FDI in R&D went to the software and IT sector, followed by pharmaceuticals, automotive, and others. Bangalore attracted the most investment due to its large, skilled workforce. Liberalized economic policies in India simplified business regulations and increased GDP and industry growth rates, making the country more attractive for FDI. Major sectors like IT, automotive, and pharmaceuticals received investment amounts ranging from under $20 million to over $1 billion, creating thousands of jobs but fewer per firm in IT due to its intellectual nature.It I Te S Sector ReportFebruary 2019
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The IT-BPM sector in India has grown significantly over the past decade. It expanded at a CAGR of 10.71% between FY10-FY18 to reach a size of US$ 167 billion. India has become the leading destination for IT and BPM services globally, accounting for 55% of the global sourcing market. Some key factors that have driven this growth include India's large talent pool in technical skills, low costs compared to other countries, and strong focus on exports. The IT industry is expected to continue growing and contribute significantly to India's GDP, employing millions of professionals.Indian Roots - American Soil: CII Survey 2013
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Every year, CII undertakes a survey of Indian companies based in the U.S. and it is heartening to see their presence and impact on the U.S. economy increase over time. In the most extensive survey conducted so far, with support from KPMG, CII received detailed information from many Indian companies with regard to their operations, locations, investments, jobs and research and development activities in the U.S. The results this year, based on a survey of 68 companies, are extremely positive and far higher than any numbers quoted ever before.IT I Te S Sector Report - March 2019
IT I Te S Sector Report - March 2019India Brand Equity Foundation
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The document provides an overview of India's IT & ITeS sector. Some key points:
- India's IT industry grew at a CAGR of 10.71% from 2010-2018 and is estimated to reach $350 billion by 2025, making it a strong growth opportunity.
- India is the leading global sourcing destination, accounting for 55% of the $185-190 billion global services market in 2017-18.
- The sector employs nearly 4 million people in India and added over 105,000 jobs in 2018.E commerce in india - click to boom
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April 24th , 2015 Navi Mumbai, India: Market Reports on India presents the report on "e-Commerce in India - Click to Boom" The region is projected to contribute the major share of global e-commerce revenue by 2017.It I Te S Sector Report - April 2019
It I Te S Sector Report - April 2019India Brand Equity Foundation
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The IT & ITeS industry in India has grown significantly in recent years. It expanded at a CAGR of 10.71% from FY10 to FY18 to reach US$ 167 billion. India is the leading sourcing destination globally, accounting for 55% of the global IT services market. The industry is expected to continue growing rapidly and reach US$ 350 billion by 2025. It contributes around 7.7% to India's GDP currently.It
ItChitvan Oza
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The IT-BPM industry in India is expected to see strong growth in the upcoming fiscal year 2014. Exports are projected to increase by 12-14% and domestic revenues are expected to rise by 13-15%, adding $12-15 billion in total revenues. New business models and emerging technologies like social media, mobility, analytics and cloud computing will fuel industry growth. The industry will continue to expand into new markets and solutions while transforming from tech partners to strategic business partners.Fdi
FdiUtthishta
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This document discusses foreign direct investment (FDI) in India. FDI refers to money flowing into the country from foreign businesses and investors. India is a popular destination for FDI, with the largest amounts going to infrastructure, technology, and services. Common ways for foreign businesses to invest include joint ventures and using the governmental or automatic routes. FDI provides funding for existing companies and startups in India's growing e-commerce sector.IT and ITeS Sector Report March 2018
IT and ITeS Sector Report March 2018India Brand Equity Foundation
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The IT & ITeS sector in India has grown significantly over the past decade. Some key points:
- The size of the Indian IT-BPM industry was estimated at US$ 154 billion in FY17 and is projected to reach US$ 350 billion by 2025.
- India has a large talent pool that allows it to be one of the leading destinations for outsourcing. The sector employs around 3.9 million people.
- Exports are a major part of the industry, estimated at US$ 117 billion in FY17. The key export segments are IT services and BPM.India's bpo industry
India's bpo industryAankur Gupta
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From 1999 to 2006, the outsourcing industry in India experienced tremendous growth with strong labour opportunities and infrastructure. The ensuing period has seen the market stabilise and continue to grow at a much slower pace. India still accounts for the lions share of the IT-BPM market, with around 75 per cent of global digital talent present in the country but things are starting to change.
IT and ITeS Sector Report January 2018
IT and ITeS Sector Report January 2018India Brand Equity Foundation
油
The IT & ITeS sector in India is growing rapidly and is expected to reach $350 billion by 2025. India has become a global leader in IT & ITes exports, accounting for approximately 55% of the global sourcing market. The country has a large talent pool of technical graduates and is a preferred destination for outsourcing. The IT & ITeS industry contributes significantly to India's GDP and is one of the largest job creators in the country.It I TeS Sector Report - April 2018
It I TeS Sector Report - April 2018India Brand Equity Foundation
油
The IT & ITeS industry in India has seen strong growth and is poised for further expansion. Some of the key points from the document are:
- The Indian IT-BPM sector expanded at a CAGR of 10.71% from 2010-2018 to reach US$ 167 billion, and is estimated to reach US$ 350 billion by 2025.
- India has a 55% share of the global services sourcing market and 38% share of the overall BPM sourcing market, making it the leading destination for outsourcing.
- The sector contributes around 7.7% to India's GDP and employs nearly 4 million people. Exports are projected to grow 7-8%It I Te S Sector Report - December 2018
It I Te S Sector Report - December 2018India Brand Equity Foundation
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The IT & ITeS sector in India has grown significantly over the past decade. It expanded at a CAGR of 10.71% from 2010-2018 to reach $167 billion in size. India has emerged as a global leader in the IT & ITeS sector, accounting for 55% of the global sourcing market. Key factors driving growth include India's large talent pool of technical graduates and the sector's ability to attract significant foreign investment. The sector employs over 3.97 million people and contributes around 7.7% to India's GDP. IT & ITeS exports from India have also grown rapidly and are expected to reach $135-137 billion in FY2019.IT I Te S Sector Report - November 2018
IT I Te S Sector Report - November 2018India Brand Equity Foundation
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The IT & ITeS sector in India has grown significantly over the past decade. It expanded at a CAGR of 10.71% from $74 billion in FY10 to $167 billion in FY18. India has emerged as the leading destination for outsourcing, accounting for 55% of the global services sourcing market. The country's large talent pool of technical graduates supports the growth of the sector. The IT industry employs nearly 4 million people and contributes around 7.7% to India's GDP. Exports from the sector have also grown substantially, increasing at a CAGR of 12.26% between FY09-18.It I te S Sector Report - February 2018
It I te S Sector Report - February 2018India Brand Equity Foundation
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- The IT-BPM sector in India has expanded at a CAGR of 11.14% from 2010-2017, reaching US$ 155 billion in FY2017. It is estimated to reach US$ 350 billion by 2025.
- India has approximately 55% of the global sourcing market share and 38% of the overall BPM sourcing market, making it a leading destination for outsourcing.
- The IT sector contributes around 7.7% to India's GDP and employs nearly 3.9 million people. It is one of the largest sectors for FDI and fuels growth of startups in India.MARKETING ASSIGNMENT
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Analyse foriegn markets to identify a few possible markets for the following products
(a)Herbal products
(b)software packages
(c)Auto components etcIT and ITeS Sector Report - October 2018
IT and ITeS Sector Report - October 2018India Brand Equity Foundation
油
The document discusses India's IT & ITeS sector. It highlights that the sector has grown at a CAGR of 10.71% from 2010 to 2018. India is the leading sourcing destination globally, accounting for 55% of the global IT services market share. The country's large talent pool and low costs have made it an attractive outsourcing hub. The sector employs over 3.97 million people and contributed around 7.7% to India's GDP in 2018. Exports from the sector are projected to reach $135-137 billion in 2018-19, growing at a CAGR of 12.26% from 2009 to 2018. Banking and financial services is a major vertical. The US accounts forIT and ITeS Sector Report - October 2018
IT and ITeS Sector Report - October 2018India Brand Equity Foundation
油
The IT & ITeS sector in India has grown significantly over the past decade. It expanded at a CAGR of 10.71% from US$74 billion in 2010 to US$167 billion in 2018. India has emerged as a global outsourcing hub, accounting for 55% of the global sourcing market. The sector employs over 3.97 million people and is expected to add over 100,000 new jobs in 2019. New technologies such as cloud, analytics and mobility offer significant growth opportunities for the sector.IT I Te S Sector Report - January 2019
IT I Te S Sector Report - January 2019India Brand Equity Foundation
油
The document discusses India's IT & ITeS sector. Some key points:
- The Indian IT-BPM sector grew at a CAGR of 10.71% from 2010-2018 to reach $167 billion, and is estimated to reach $350 billion by 2025.
- India is the leading sourcing destination globally, with 55% market share of the $185-190 billion global services outsourcing business.
- India's large talent pool of technical graduates and low costs make it an attractive destination for outsourcing. The sector contributes significantly to GDP and employment.It ITES Sector Report - September 2018
It ITES Sector Report - September 2018India Brand Equity Foundation
油
The document provides an overview of the IT & ITeS sector in India. Some key points:
- The size of the Indian IT-BPM sector grew from US$ 74 billion in FY10 to US$ 167 billion in FY18 and is estimated to reach US$ 350 billion by 2025.
- India has emerged as a preferred destination for outsourcing, with over 55% of the global services sourcing market share in FY18. It also accounts for 38% of the global BPM sourcing market.
- The computer software and hardware sector attracted $32.23 billion in FDI between April 2000-June 2018, making it one of the most lucrative sectors for investment inChurning the startup engine
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The Indian Prime Minister has announced new programs called "Stand Up India" and "Startup India" to encourage entrepreneurship and startup culture in India. The programs aim to leverage the technical skills of Indian youth to solve problems through new business ideas. At an event in New Delhi, the government unveiled a host of schemes to support startups in growing rapidly. These include tax exemptions for 3 years, credit guarantees, funding of 2500 crore for startups, establishing bioclusters and tinkering labs, and relaxed public procurement and intellectual property rules for startups. While some remain skeptical, supporters like Nikesh Arora of Softbank say the initiative is pathbreaking and can help catapult India to new heights by utilizing talentVolume 2-issue-6-1950-1954
Volume 2-issue-6-1950-1954Editor IJARCET
油
This document describes a simulation of a three-phase shunt active power filter using a fuzzy logic controller to compensate for current harmonics from a non-linear load. It discusses how active power filters can mitigate harmonics and reactive power issues. The simulation shows that the fuzzy logic controller is able to keep the source current balanced, sinusoidal and in phase with the voltage after compensation, reducing the total harmonic distortion from 28.61% to 3.85%. The fuzzy logic controller provides an effective control approach without requiring an accurate mathematical model of the system.
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The IT-BPM sector in India has grown significantly over the past decade. It expanded at a CAGR of 10.71% between FY10-FY18 to reach a size of US$ 167 billion. India has become the leading destination for IT and BPM services globally, accounting for 55% of the global sourcing market. Some key factors that have driven this growth include India's large talent pool in technical skills, low costs compared to other countries, and strong focus on exports. The IT industry is expected to continue growing and contribute significantly to India's GDP, employing millions of professionals.Indian Roots - American Soil: CII Survey 2013
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The document provides an overview of India's IT & ITeS sector. Some key points:
- India's IT industry grew at a CAGR of 10.71% from 2010-2018 and is estimated to reach $350 billion by 2025, making it a strong growth opportunity.
- India is the leading global sourcing destination, accounting for 55% of the $185-190 billion global services market in 2017-18.
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The IT & ITeS sector in India is growing rapidly and is expected to reach $350 billion by 2025. India has become a global leader in IT & ITes exports, accounting for approximately 55% of the global sourcing market. The country has a large talent pool of technical graduates and is a preferred destination for outsourcing. The IT & ITeS industry contributes significantly to India's GDP and is one of the largest job creators in the country.It I TeS Sector Report - April 2018
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Article 2 a fdi - 2020[2277]Kashishgarg43
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The document discusses India's foreign direct investment (FDI) trends and policies. It notes that FDI provides non-debt capital for India's economic development and means achieving technical know-how and jobs. India has attracted large FDI totals due to its favorable business environment and policy reforms relaxing restrictions across sectors. Major receiving sectors include services, software, telecom and trading. Significant recent foreign investments have been made in Jio Platforms, gas distribution, e-commerce and other sectors. The government continues to liberalize FDI limits and ease business regulations to achieve its goal of $100 billion annual FDI inflows and establish India as a top destination for global investment.Et
EtBHAWANA1989
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- Saina Nehwal, India's Commonwealth Games brand ambassador, questioned whether Delhi was capable of hosting the event, saying preparations were "not up to the mark" and would not match previous games in Melbourne and Beijing.
- The organizers of the Commonwealth Games are facing negative publicity abroad in foreign media over Delhi's dengue outbreak and slow progress on projects, adding to pressures from domestic allegations of scams and incomplete venues.
- A new line of the Delhi Metro between Central Secretariat and Qutub Minar was opened to the public, connecting north Delhi to the satellite city of Gurgaon in Haryana. The line opening was inaugurated by the Urban Development Minister and Delhi Chief MinisterEase of doing business in india
Ease of doing business in indiaTecnova
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INDIAN BUSINESS ENVIRONMENT
OPPORTUNITIES INFINITE
Why India is the raging bull of today for foreign companies & investors?
Presentation.pdf
Presentation.pdfShreyasPremium
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Mexico has seen strong growth in manufacturing exports over the past decade by leveraging its proximity to the US market and establishing free trade agreements. It targets the US automotive industry in particular, receiving duty-free access. Mexico also works to diversify its export markets while maintaining competitive advantages in low-cost labor and energy. These concerted efforts to build on location advantages and access developed country markets have supported Mexico's rise as a global manufacturing superstar.Next generation Manufacturing - winning through technology and innovation
Next generation Manufacturing - winning through technology and innovationFelipe Sotelo A.
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The Indian manufacturing sector has grown steadily over the long term at an annual rate of 13%, but there remains significant untapped potential to increase its contribution to GDP and employment. While historical growth has been strong, recent manufacturing performance has been below par, with output declining in 7 of the past 11 months. The slowdown in capital goods has been particularly concerning. However, the government has introduced several initiatives through programs like "Make in India" to promote manufacturing growth by improving infrastructure, easing business regulations, and reforming labor laws.India in 2025- An Essay
India in 2025- An EssayAditya Narang
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India is predicted to become one of the world's superpowers by 2025. The political scenario is expected to remain stable under continued leadership of Prime Minister Modi and the BJP. Economically, India is growing rapidly at 7.2% annually and reforms like demonetization, GST, and cleaning up banks are fueling even stronger growth. By 2025, India could attain 80% self-sufficiency and become the third largest consumer market in the world as incomes and spending rise significantly. Technologically, campaigns like Make in India and Digital India are pushing India to become a top five scientific power and digitally influenced spending could increase tenfold. However, exactly how much India develops depends on the actions of its government and theIndian startups- How they effect the economy
Indian startups- How they effect the economyMohit Jaswani
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Wrote a paper upon analysis of Indian economic growth because of startups over the years and its sustainability under the guidance of Dr. Surinder Singh Nehra.
It also covers overview of Australian Startup Economy and Case Study of two Indian startups i.e. Srjna and Hostelers.
Winning Through Frugal I4.0 Innovation - Way Forward for Indian Manufacturing
Winning Through Frugal I4.0 Innovation - Way Forward for Indian ManufacturingConfederation of Indian Industry
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The Indian manufacturing sector has grown steadily at 13% annually over the past three decades, outpacing most other countries. However, it still has significant untapped potential to contribute more to the economy and create jobs. Recent government initiatives have improved infrastructure, policies, and business regulations. However, industry leaders still seek further reforms in areas like labor laws and access to financing to help drive stronger growth. Adopting Industry 4.0 technologies could help boost productivity and competitiveness, but also risks disrupting jobs unless workers are retrained.BCG-CII-Report-Next-Gen-Mfg-Nov-2016.pptx
BCG-CII-Report-Next-Gen-Mfg-Nov-2016.pptxvahvah
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The Indian manufacturing sector has grown steadily at 13% annually over the past 30 years, faster than most other countries. However, it still has significant untapped potential as manufacturing currently accounts for only 16% of GDP compared to targets of 25%, and 10% of employment compared to targets of 20%. Recent manufacturing performance has been below par, with seven of the past 11 months showing negative year-over-year growth. The slowdown in capital goods has been most concerning, contracting over 20% so far this year. The government has introduced various initiatives under 'Make in India' to promote manufacturing through reforms in sectors like power, FDI, transport, and textiles.EY India Attractiveness Survey 2015 Reasons to Invest in India & Key Factor...
EY India Attractiveness Survey 2015 Reasons to Invest in India & Key Factor...EY
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With leading 32% of the investors ranking India as the most attractive market this year, India has emerged as No. 1 FDI destination in the world during the first half of 2015. Download the India Attractive Survey to know more.Biocube is all set to make a mark in the world stage
Biocube is all set to make a mark in the world stageBiocube Technologies Inc.
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We are pleased to inform you that Business India, a leading magazine of the corporate world of India in its issue dated April 3rd, 2023, has published an article on Biocube Technologies.
The article covers the changing landscape of the biometric industry; how Biocube is going to make its mark in the sector and the uniqueness and disruptive nature of Biocubes offerings. And how Mr. Subodh Narain Agrawal was inspired to create the same.13 15
13 15INTERNATIONAL INDEXED,REFERRED,MULTILINGUAL,INTERDISCIPLINARY, MONTHLY RESEARCH JOURNAL
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India is emerging as a global hub for business process outsourcing (BPO). The BPO industry is expected to contribute significantly to India's GDP and employment. It will provide economic growth and job opportunities. BPO is growing in India due to factors like lower costs and high quality English-speaking workforce. The government is also supporting the BPO industry through incentives and infrastructure development. If current growth continues, the BPO industry has potential to generate substantial revenues and jobs for Indians in the coming years.An Overview of Foreign Direct Investments Flows In India
An Overview of Foreign Direct Investments Flows In IndiaVARUN KESAVAN
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Apart from being a critical driver of economic growth, foreign direct investment (FDI) is a major source of non-debt financial resource for the economic development of India. Foreign companies invest in India to take advantage of relatively lower wages, special investment privileges such as tax exemptions, etc. For a country where foreign investments are being made, it also means achieving technical know-how and generating employment.
The Indian governments favourable policy regime and robust business environment have ensured that foreign capital keeps flowing into the country. The government has taken many initiatives in recent years such as relaxing FDI norms across sectors such as defence, PSU oil refineries, telecom, power exchanges, and stock exchanges, among others.
India Emerging
India EmergingRajeev Gowda
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The document provides an overview of the Indian economy as an emerging global power. It notes that India is the 10th most industrialized country and 4th largest economy by GDP at purchasing power parity. Some key points include:
- India has a strong services sector accounting for over 50% of GDP, with industry and agriculture making up the remainder.
- The economy has experienced strong real GDP growth of over 9% in recent years and corporate earnings growth over 20%.
- Projections estimate India's GDP will surpass Japan's by 2032 and per capita income will increase 35-fold by 2050, cementing India as the third largest economy.India Emerging
India Emerginggs.balaji
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The document provides an overview of the Indian economy as an emerging global power. It notes that India is the 10th most industrialized country and 4th largest economy by GDP at purchasing power parity. Some key points are:
- India has a strong services sector accounting for over 50% of GDP, with industry and agriculture making up the remainder.
- The economy has experienced strong real GDP growth of over 9% in recent years, with corporate earnings growth over 20%.
- Projections estimate India's GDP will surpass Japan's by 2032 and per capita income will increase 35-fold by 2050, cementing India as the third largest economy.India inc to see 10
India inc to see 10Saxbee Consultants
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- A survey by Mercer found that Indian companies expect to increase base salaries by 10.5% in 2016, with the highest increases for life sciences, IT, and chemical industries at 10-11%.
- Approximately 48% of companies plan to hire more employees in 2016, led by the life sciences, IT, hi-tech, shared services, and chemical industries.
- Variable bonuses are expected to rise from 14.7% in 2014 to 15.4% in 2015, indicating better business performance compared to the previous year.India inc to see 10.5% salary hike in '16
India inc to see 10.5% salary hike in '16Saxbee Consultants
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According to a survey by Mercer of 691 organizations in India:
- Companies expect to increase base salaries by 10.5% on average next year, with the highest increases expected in the life sciences, IT, and chemical industries.
- Almost half of companies plan to increase their headcount in 2016, with life sciences, IT, and shared services sectors leading in recruitment.
- Variable bonuses are projected to rise to 15.4% of compensation in 2015, up from 14.7% in 2014, indicating better business performance compared to the previous year.Et
EtBHAWANA1989
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The document contains summaries of various news articles. It discusses real estate market conditions improving for home buyers to get deals, IT companies creating wealth for employees and shareholders, the new direct tax code potentially bringing more NRIs under tax net, a survey finding 59% professionals may quit due to lack of promotions, plans by Maruti, Tata and Skoda to enter the MUV segment, criticism of CWG preparations by shuttler Saina Nehwal, negative foreign media coverage of CWG over dengue outbreak and delays, the opening of a new Delhi Metro line, consumers failing to connect with celebrity brands endorsers, penalties for six telcos over delayed services rollout, and Panasonic's plans to invest Rs.SBI Innovative Opportunities Fund Final.pdf
SBI Innovative Opportunities Fund Final.pdfnag3005
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SBI Innovative Opportunities Fund Final is very good for investment Winning Through Frugal I4.0 Innovation - Way Forward for Indian Manufacturing
Winning Through Frugal I4.0 Innovation - Way Forward for Indian ManufacturingConfederation of Indian Industry
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Report
- 1. India to produce more MNCs than any other country: PwC BS Reporter / New Delhi Apr 30, 2010, 01:10 IST India is expected to produce the highest number of new multinational companies (MNCs), overtaking China as the emerging worlds largest such source. Over 2,200 Indian companies are likely to open operations outside the country over the next 15 years, says a new report by PricewaterhouseCoopers (PwC) on emerging MNCs. The report says the number of companies from emerging markets choosing to set up operations abroad has increased in the past five years, partly due to the rapid pace of globalisation and the revolution in information and communication technologies. This trend is expected to continue over the next 15 years, as new MNCs from emerging economies rise in prominence on the global economic stage. Indian and Chinese companies would lead the way in seeking new markets abroad, who will be joined by companies from Singapore, Russia, Malaysia and South Korea, who will continue to produce a large number of new MNCs. Jairaj Purandare, India Leader for Markets and Industries, PwC, said: It is encouraging to know that India will replace China as the largest source of new multinationals in the emerging world from 2018 onwards. The key drivers for this are the relative increase in both investment intensity and openness that the Indian economy offers. PwC used econometric techniques to project the number of new MNCs that would arise from a representative sample of 15 emerging economies over the next 15 years. The countries were: Argentina, Brazil, Chile, China, Hungary, India, Malaysia, Mexico, Poland, Romania, Russia, Singapore, South Korea, Ukraine and Vietnam.