Analyse the growth of Indian companies in the field of international business?
In 2003, Indian firms invested US$10 billion overseas. In cumulative terms, Indian companies have invested more than US$344 billion in international expansion over the period 2003-2014. Business results have not met expectations, but Indian companies remain strongly committed to international growth. Just 36% of Indian companies fully met international revenue and profit expectations over the last three years. 92% of Indian companies are committed to continuing their overseas expansion. There is a group of Indian Advanced Globalisers that are more internationally established and show better performance than their peers. Indian globalisers are converging on the same space already occupied by established Western and Asian multinationals as well as strong domestic players. Today, many Indian companies base their international competitive advantage on low costs. The number that do so will halve in the next three years