Indian Companies: Long Way To Go...

India Inc Giants Just Pygmies in Front of Global Corporations

By Liberalization in 1991, we endorsed Globalization, but instead of becoming Global players, we became Global Markets.

We really have to invest a lot in our Companies to make them Global Brands and let India earn its due respect in this era of Globalization...

On Wednesday, the 30-share Sensex closed at its highest level. Indian investors may marvel at the size of companies such as TCS, Reliance Industries, ITC, ONGC and Infosys. But a sense of perspective is important. Indian markets, and companies, are puny compared with their global counterparts.
The aggregate market cap of all listed companies was 69.24 lakh crore ($1,126 billion) on Wednesday. But India’s total free-float private sector market cap for all listed companies, $509 billion, is only slightly more than that of Apple Inc and Exxon Mobil.
Some companies, though, are beginning to catch up. If we drop the free-float criterion, then TCS’ market valuation recently crossed $70 billion, ahead of Accenture’s $54 billion and HP’s $57 billion. But it is still way behind IBM’s $205 billion.























Ref: An Article by ET