Among the foreign companies, IBM realized the value of Indian market in the best way. It invested here heavily, outsourced thousands of jobs and tried to develop its presence in India for the last few years. It is now paying off handsomely. IBM has perhaps the largest number of employees for any company in India. Now, IBM is trying to increase its market share in India. Reuters reported:
“IBM's business in India grew 45 percent on the year in the April-June quarter, the fastest for that period of IBM's emerging market business, as telecoms, banks and services ramped up spending on computer hardware and services to spur expansion in the growing economy.
"India is the fastest-growing market we have got in IBM today," Michael Cannon-Brookes, vice president for business development in China and India, told Reuters in an interview at the company's sprawling campus in India's tech hub.”
Undoubted IBM is in the right place at the right time. Indian economy will continue to grow for years to come. IBM has been able to ensure a very strong presence in India. So, IBM will only get more benefit from the Indian market in the coming years.
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