PwC forecasts rise of over 2,200 Indian MNCs by 2025
29 Apr 2010
More than 2,200 Indian companies are expected to open overseas operations over the next 15 years, helping the country overtake China as the largest source of emerging market MNCs, PricewaterhouseCoopers LLP said in a report.
PwC has forecast a major transformation in the global competitive scenario over the next decade with more and more Indian and Chinese multinationals seeking new markets overseas.
"India is expected to produce the most new multinational companies, overtaking China as the emerging world's largest source of new multinationals. Over 2,200 domestic companies are projected to open operations outside over the next 15 years (between 2010 and 2024)," PwC said in the report titled `Emerging Multinationals'.
The competitive landscape will get crowded with an array of companies from Singapore, Russia Malaysia and South Korea joining the Indian and Chinese companies over the next decade, PwC said in its report.
Citing that the number of companies from emerging markets choosing to set up operations abroad has increased in the last five years, the report said the trend is likely to continue over the next 15 years, as new multinationals from emerging economies gain prominence.
PwC attributes this to the rapid pace of globalisation and the revolution in information and communications technologies.