Active Stocks
Tue Mar 19 2024 15:58:41
  1. Tata Consultancy Services share price
  2. 3,977.55 -4.03%
  1. Tata Steel share price
  2. 148.65 -0.64%
  1. Bharti Airtel share price
  2. 1,227.85 0.23%
  1. Power Grid Corporation Of India share price
  2. 258.95 -2.28%
  1. ITC share price
  2. 409.50 -1.89%
Business News/ Politics / Policy/  Challengers from emerging markets
BackBack

Challengers from emerging markets

As in previous years, China and India boast the highest number, with 30 and 20 global challengers, respectively

The BRIC nations as a whole, though once home to 84 challengers, are now home only to 69, according to the study. Photo: Ramesh Pathania/Mint (Ramesh Pathania/Mint)Premium
The BRIC nations as a whole, though once home to 84 challengers, are now home only to 69, according to the study. Photo: Ramesh Pathania/Mint

(Ramesh Pathania/Mint)

New Delhi: Companies from the emerging markets are slowly making their presence felt—globally.

Boston Consulting Group’s global challengers for 2013 are from 17 countries, seven more than in 2006.

As in previous years, China and India boast the highest number, with 30 and 20 global challengers, respectively. The BRIC nations (Brazil, Russia, India, China) as a whole though, once home to 84 challengers, are now home only to 69.

“These (emerging) markets have become highly prized by companies everywhere, not just for their growth but also as sources of talent, capital, and companies," the BCG report said.

Over the past five years, more than 1,000 companies headquartered in the emerging markets have reached at least $1 billion in annual sales.

“Many of these are content to focus on their home market, while the others are expanding abroad. And many of those that are going overseas aspire to be global leaders in their industries. These are the global challengers. They are the companies that will shape the global economy over the next decade," the report said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 16 Jan 2013, 11:33 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App