Saturday, September 09, 2006

Indian Business

I think for Indian Business there have been 2 eras. The License Raj era before 1991 and the Globalization and Liberalization era post 1991. The first I would say to a large extent the legacy of Nehru and the second a gift from our then Finance minister and current Prime Minister Manmohan Singh. India may have attained freedom on 15th Aug, 1947 but Indian Business became truly free to a great extent only after 1991. Before 1991 we were proud when any Foreign Multinational took a stake in an Indian firm, today in 2006 we see many Indian companies in IT, Pharmaceuticals, Steel just to give a few examples, taking over companies in the US and Europe. Information Technology has been instrumental in the rise of India on the international scene and the same is now happening in new areas like Bio Technology where Women Entrepreneurs like Kiran Muzumdar Shaw are showing the way forward to India as well as Indian Women.


No comments: