I believe the Rupee is still a closed currency tightly controlled by the RBI. Their government is very protective and negotiate mostly one sided deals.
Unlike the US, India requires controlling interest in business ventures to remain Indian. Agricultural land can not be foreign owned. I think they are still stinging from the British.
They appear to have the largest call centers and BPO operations. These were once entry and mid level US Jobs... Really hard for US workers and companies to compete.
Unlike the US, India requires controlling interest in business ventures to remain Indian. Agricultural land can not be foreign owned. I think they are still stinging from the British.
They appear to have the largest call centers and BPO operations. These were once entry and mid level US Jobs... Really hard for US workers and companies to compete.
Quote from bearice:
I think the biggest Indian company is Reliance industries worth $50 Billion but Madoff fraud was for $65 Billion.
George Bush had said to Indian leaders "you take agriculture technology" but Indian leaders said "we want nuclear technology".
Majority of car designs in India are inspired from worldwide car designs. I think India does not have any original car design. They are mixture of many car designs.
Also the tallest building is Burj tower in dubai I think 1600 feet to 2000 feet. Are you sure India's 2,362 feet building is under construction and not just dreams?
I think India does not allow more than 50% direct foreign investment in Indian companies. Foreign companies have to partner with Indian companies and share technology if they want to conduct business in India.
I think India compelled Russia to share Sukhoi fighter plane technology which is being manufactured in India. I think the same applies to Brahmos cruise missile.
If India allows direct foreign investment in India then all Indian giant companies will be acquired/taken over/buy by rich countries within 2 days and India will be under English rule again for 200 years.