The ascendency of India as an economic world power

IBM bosses announced last year that IBM (NYSE:IBM) would take Indian market very seriously. In fact, IBM announced that IBM would become the largest multinational company in India within a short time. IBM is also investing in India a lot and has increased its workforce in the last few years. All these moves have started to pay off for the company.

By the end of this year, IBM is going to have $1 billion revenue in India.

Economic Times wrote:

"We expect our revenues to reach USD one billion by the end of this calendar year up from 700 million in 2006 driven by strong factors. In the first three quarters of the current financial, the company's revenue has grown by over 39 per cent," IBM Vice President (Financial Management) Jesse Green said here.

He said factors like competitive offerings, effective sales force, strong brand name, technology base along with the ability to offer hardware and software combination would contribute to the expected figure.

This is good news for IBM. Indian economy is growing fast and this is indeed the time to make a strong base in India. IBM has already done so. Now, the company is going to get the benefit for its investment in India.

 
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