How is government responsible for it? If Hyundai can come to India and play better it is a fact you are vouching that Indian govt is giving good environment.And you comfortably ignored the service sector India leads in, why? Because it does not suit your argument?
By the way, check the mobile phone manufacturer ranking, Micromax is third only to Nokia and Samsung.
Samsung contributes a major chunck to S Korea's economy, is it worth it to be dependent so much on one single player?
And here is your detailed reply:
http://money.cnn.com/magazines/fortune/global500/2013/full_list/ ..
desi government is directly responsible......India is peculiar example where service sector has become biggest contributor to GDP surpassing manufacturing sector.......problem is employment generation can only be fulfilled by manufacturing sector....CHINA is manufacturing giant we are nothing in front of china.......who is responsible......??
south korea,Taiwan,Singapore all are developed countries...we have failed who is responsible?????
Indian government`s economic survey 2012-13 clearly states problem of lack of manufacturing base that is why India has negative balance of trade and negative balance of payment with almost all the nations....our currency is sinking it also has same reason...
i don`t know in what field you work but it is basic economics.......you should know that ..government is itself accepting the mistake and you are defending them .....government is coming up with national manufacturing zones,Delhi -Mumbai industrial corridor ........majority of Indian external sector problems of economy can be linked with our failure to be manufacturer....we don`t even manufacture small lights ,crackers,Ganesha idols used on occasions like Diwali etc they are too being imported from china......
world bank bailed out india in 1991 and in return compelled india to open its economy for MNCS..your very own manmohan was finance minister....india is one of the most frustrating place to start a business and even more frustrating to continue it...forgot Vodafone tax case,Gaar case budget 2012???????
Indian government giving better business environment grow up ......read this this is by world bank
http://www.doingbusiness.org/data/exploreeconomies/india/
India leads in service sector....laughable dude india just provides baCk end support to mncs..thats it..in this also we are loosing our ground to vietnam,indonesia and china....service sector is not just working in call centers....international financial service hub,legal services hub education hub all are in USA you must have read wrong definition of service sector.....
micromax third and we are rejoicing....in our country atleast top 5 manufacturer in every field should be Indian......
i may be wrong at many places but your are arguments in this case are hollow half baked......
your link gives fortune 500 list i just saw first page top 50.....what was there you wanted to show me.......
lets not bring bjp -congress in this just economics......waiting for your reply........