India is the home to many big industries and wealthy business man.Around mid of 2007 , Tata India’s big conglomerate launched a bid on Corus steel, the company which was four times bigger than its size. Tata group a very successful business entity in India was dared to take a big leap which no other big industries hesitated to do .
An year later they took over two iconic but struggling automotive giant in Jaguar and Land Rover and brought it back to its glory.
The Tata deal set the milestone for India’s influence in Global Economy.It also inspired millions of young enterpreneurs to imagine big.
Currently the company’s growth is valuing around $15 billion. The inspiration from Flipkart would fuel the rise of Indian start-ups with funding from foreign investors on a large scale. It clearly shows India’s adaptability and marketability to dynamic market forces. It also shows how varied Indian culture nurtured intelligent businessmen.
Businessmen of India are well known for their tremendous work ethic, commitment towards work and above all integrity.This is the main reason India started a break away from rest of Asia. A group of well educated Indian people gathered ideals of innovation, creativity and willingness to take risks. They are highly skilled in Engineering and Management which aids the view of a globalized world.
The main theme “Success can be achieved by hardwork, dedication ,ability to adapt to changes and knowledge of innovation and creativity” was proved by two giants Flipkart and Tata.
Such ingenuity mean that India would overcome the financial crisis of 2008 and become a destination for foreign investment. In the first quarter of the year 2015, India surpassed India and China as the biggest global destination in the world gaining investments around $31 billion.
Indian economy well adapt to global market demands. To meet the global standards of excellence, they look through new opportunities in new technologies and business process. This has seen a seamless shift of business from software development to mobile application development in the recent years.
In India, nearly 300,000 highly skilled software engineers address huge demand for mobile application development. At the end of 2015, India market would reach a revenue of $100 billion in the app development.
Additionally, Indian companies are not confined to only application development they tend to focus on “Internet of things” and wearable devices. By next few years Indian “IOT” would grow by 28%. With the boom in the market for wearable devices the market would experience a hike of around 40.8% by the year 2018.
Indian economy serves future technologies, innovation in software development and revolutionising business process has a lot of positive heading into the future.
Boosted by workforce and guided by skilled capitalists , it has capabilities of meeting the global economy.
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