The Chaotic History of Foreign Companies in India
In a recent Global Finance article, India has been recognized as an important contributor to global corporate earnings. The British company Vodafone managed to cut losses due to its strong performance in India, and Swiss Holcim, the world's second largest cement maker, spent more than 2 billion Swiss Francs on acquisitions in India to counter the weakening housing market in the United States of America (USA). These strategies reflect the contribution from one of the fastest-growing economies in the world (9.3% growth for thefirst quarter of the fiscal year 2007/2008).
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The Chaotic History of Foreign Companies in India
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