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India and Globalisation

Inside this issue
• Building a name as a centre for low-cost car development
• Moralising has been exchanged for a leadership role
• The prime minister is wooing expatriates - -
Content
A good crisis brings greater influence
The benefits of foreign capital inflows, remittances and a greater share of trade are shaping policy, says James Lamont
New multinationals: Cash-rich companies still eager to expand
The financial crisis has not dented the acquisitive mood, reports James Lamont
Car manufacturing: Large ambitions for smaller vehicles
The country is building a name as a centre for low-cost development, writes Joe Leahy
Pharma research: Pool of skills and low costs fosters growth
Home-grown companies are more involved in innovation, says Amy Kazmin
World stage: An appetite to lead on climate and trade
James Lamont says some experts question closer alliance with China
Surat: Domestic demand has been the city’s best friend
About 80% of world diamond output is cut and polished in the western centre, writes Kevin Sieff
Fast food: Attention to local palates pays off
Amy Kazmin reports chains are gaining ground as disposable income rises
iYogi: IT support that takes pride in its roots
Amy Kazmin on a young company finding success with western consumers
The wealthiest: Market recovery bails out the super rich
Many are diversifying into international property, reports Joe Leahy
Entertainment: Growing cultural clout mirrors country’s rising economic status
Joe Leahy on international forays by the cricket and film industries

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