The India-China Paradigm Is Passé

The days of business nationalism are long over, including for those based in China and India, suggests Kanika Datta, writing for the Business Standard. Chinese and India businesses seek mergers and acquisitions with foreign firms to expand and deliver products and services quickly, cost-effectively and efficiently to both domestic and new markets. At times, firms venture into new territory to escape constraints at home, including bureaucracy in India and government control in China. Surmises Datta: “One possible result of these global impulses by entrepreneurs in the world’s two largest economies might be a change in the way the world does business.” Indian and Chinese companies must yet show they can handle global economies of scale, while introducing their own forms of innovation and best business practices. – YaleGlobal