India expected to have most number of MNC’s among emerging markets
PwC India leader for markets and industries Jairaj Purandare 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.”
India is poised to top a bloc of 15 emerging markets in at least one category. According to a PricewaterhouseCoopers (PwC) report released on Thursday, the country hair loss propecia treatment would launch the maximum number of multinational companies (MNCs) over the next decade, among a group of emerging economies that include Russia, Brazil and South Korea. The country will overtake even China, the current leader with 141 new MNCs added in 2009, by 2018.
The compare prices cialis report cites India’s increase in both investment intensity and openness relative to China as the key reason for New Delhi taking the lead over Beijing. The Emerging Multinationals report projects that at least 2,200 Indian companies will develop an international presence over the next fifteen years. The report adds that while India and China will collectively account for 42% of the total new MNCs arising in that period, India will see 20% more new MNCs than China by 2024.
The report also points to a shift in 2009 among new MNCs’ focus from natural resource extraction to offering business services (9.2%), electronic components (9.2%), manufacturing industry machinery, equipment and tools (11.3%). The share of new coal, oil and natural gas focused companies fell from 7.4% in 2005 to 1.4% last year. South Korea, Malaysia, Russia and Singapore may in combination represent up to a 36% share in the new MNCs that will likely be added to projection period to 2025.
Source: [Financial Express]
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