• Latest
  • Most Read
India, Economic, CEO, CXO

Thanks to the buoyant economic growth in India, Indian CEOs are ditching MNCs for Desi companies

2 years ago
Financial Times makes India’s job easier!

Financial Times makes India’s job easier!

2 hours ago
Jyothi Yarraji case: When Bharat didn’t give up

Jyothi Yarraji case: When Bharat didn’t give up

3 hours ago
One raid on NewsClick, and the “Tukde Tukde Gang” goes berserk!

One raid on NewsClick, and the “Tukde Tukde Gang” goes berserk!

5 hours ago
Lahore 1947: A crossover for survival?

Lahore 1947: A crossover for survival?

5 hours ago
Special Cell of Delhi Police averts a major terror attack before the festive season!

Special Cell of Delhi Police averts a major terror attack before the festive season!

1 day ago
The immigration racket Trudeau doesn’t want you to know about

The immigration racket Trudeau doesn’t want you to know about

1 day ago
Vote Bank Politics: PM Modi Sheds Light on Kanhaiya Lal Case Controversy

Vote Bank Politics: PM Modi Sheds Light on Kanhaiya Lal Case Controversy

1 day ago
Chief Minister Biren Singh: Manipur Unrest is a ‘War Against India’!

Chief Minister Biren Singh: Manipur Unrest is a ‘War Against India’!

1 day ago
Nana Patekar: A comeback like no other

Nana Patekar: A comeback like no other

1 day ago
Butternut Squash Soup health benefits

9 Health Benefits of Butternut Squash Soup: Savoring Wellness

2 days ago
Summer Glau films to watch

10 Must Watch Films Starring Summer Glau: Incredible Acting

2 days ago
Common Mistakes to Avoid When Using a GST Calculator

Common Mistakes to Avoid When Using a GST Calculator

3 days ago
Mary Wollstonecraft Quotes

Exploring the Wisdom: 40 Mary Wollstonecraft Quotes

3 days ago
Mastering Aviator: From Demo Mode to Game Tips and Beyond

Mastering Aviator: From Demo Mode to Game Tips and Beyond

3 days ago
judgemental quote and caption

50 Judgmental Quotes: Exploring the Depths of Human Nature

3 days ago
  • About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Wednesday, October 4, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    One raid on NewsClick, and the “Tukde Tukde Gang” goes berserk!

    One raid on NewsClick, and the “Tukde Tukde Gang” goes berserk!

    Special Cell of Delhi Police averts a major terror attack before the festive season!

    Special Cell of Delhi Police averts a major terror attack before the festive season!

    Vote Bank Politics: PM Modi Sheds Light on Kanhaiya Lal Case Controversy

    Vote Bank Politics: PM Modi Sheds Light on Kanhaiya Lal Case Controversy

    Chief Minister Biren Singh: Manipur Unrest is a ‘War Against India’!

    Chief Minister Biren Singh: Manipur Unrest is a ‘War Against India’!

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Common Mistakes to Avoid When Using a GST Calculator

    Common Mistakes to Avoid When Using a GST Calculator

    How TVS transformed from a truck maker to a motorcycle giant

    How TVS transformed from a truck maker to a motorcycle giant

    ASUS to relocate its primary manufacturing hub from China to India

    ASUS to relocate its primary manufacturing hub from China to India

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    new CBI director Praveen sood biography

    Who is Praveen Sood the New CBI Director: Professional Background, Achievements and Significance of the Appointment

    Paramjit Singh Panjwar shot dead

    Paramjit Singh Panjwar shot dead: Keep calm and trust the Indian Armed Forces

    Swarm satellites

    India’s Bold Step towards Satellite Swarm Intelligence: A New Era in Space Technology

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Financial Times makes India’s job easier!

    Financial Times makes India’s job easier!

    The immigration racket Trudeau doesn’t want you to know about

    The immigration racket Trudeau doesn’t want you to know about

    Washington Post leaks the truth about Nijjar’s death

    Washington Post leaks the truth about Nijjar’s death

    The sad, tragic journey of Justin Trudeau

    The sad, tragic journey of Justin Trudeau

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

    The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

    Maharaja Kharavela: Perhaps the greatest Indian King ever

    Maharaja Kharavela: Perhaps the greatest Indian King ever

    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    When BR Ambedkar openly challenged the Nizam Shahi

    When BR Ambedkar openly challenged the Nizam Shahi

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Jyothi Yarraji case: When Bharat didn’t give up

    Jyothi Yarraji case: When Bharat didn’t give up

    Lahore 1947: A crossover for survival?

    Lahore 1947: A crossover for survival?

    Nana Patekar: A comeback like no other

    Nana Patekar: A comeback like no other

    Butternut Squash Soup health benefits

    9 Health Benefits of Butternut Squash Soup: Savoring Wellness

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    One raid on NewsClick, and the “Tukde Tukde Gang” goes berserk!

    One raid on NewsClick, and the “Tukde Tukde Gang” goes berserk!

    Special Cell of Delhi Police averts a major terror attack before the festive season!

    Special Cell of Delhi Police averts a major terror attack before the festive season!

    Vote Bank Politics: PM Modi Sheds Light on Kanhaiya Lal Case Controversy

    Vote Bank Politics: PM Modi Sheds Light on Kanhaiya Lal Case Controversy

    Chief Minister Biren Singh: Manipur Unrest is a ‘War Against India’!

    Chief Minister Biren Singh: Manipur Unrest is a ‘War Against India’!

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Common Mistakes to Avoid When Using a GST Calculator

    Common Mistakes to Avoid When Using a GST Calculator

    How TVS transformed from a truck maker to a motorcycle giant

    How TVS transformed from a truck maker to a motorcycle giant

    ASUS to relocate its primary manufacturing hub from China to India

    ASUS to relocate its primary manufacturing hub from China to India

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    new CBI director Praveen sood biography

    Who is Praveen Sood the New CBI Director: Professional Background, Achievements and Significance of the Appointment

    Paramjit Singh Panjwar shot dead

    Paramjit Singh Panjwar shot dead: Keep calm and trust the Indian Armed Forces

    Swarm satellites

    India’s Bold Step towards Satellite Swarm Intelligence: A New Era in Space Technology

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Financial Times makes India’s job easier!

    Financial Times makes India’s job easier!

    The immigration racket Trudeau doesn’t want you to know about

    The immigration racket Trudeau doesn’t want you to know about

    Washington Post leaks the truth about Nijjar’s death

    Washington Post leaks the truth about Nijjar’s death

    The sad, tragic journey of Justin Trudeau

    The sad, tragic journey of Justin Trudeau

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

    The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

    Maharaja Kharavela: Perhaps the greatest Indian King ever

    Maharaja Kharavela: Perhaps the greatest Indian King ever

    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    When BR Ambedkar openly challenged the Nizam Shahi

    When BR Ambedkar openly challenged the Nizam Shahi

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Jyothi Yarraji case: When Bharat didn’t give up

    Jyothi Yarraji case: When Bharat didn’t give up

    Lahore 1947: A crossover for survival?

    Lahore 1947: A crossover for survival?

    Nana Patekar: A comeback like no other

    Nana Patekar: A comeback like no other

    Butternut Squash Soup health benefits

    9 Health Benefits of Butternut Squash Soup: Savoring Wellness

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Economy » Thanks to the buoyant economic growth in India, Indian CEOs are ditching MNCs for Desi companies

Thanks to the buoyant economic growth in India, Indian CEOs are ditching MNCs for Desi companies

Sanbeer Singh Ranhotra
by Sanbeer Singh Ranhotra
12 September 2021
in Economy
0
India, Economic, CEO, CXO
873
VIEWS
Share on FacebookShare on Twitter

The Indian economy is outperforming expectations. Having reeled under the devastating effects of two separate Covid-19 waves which hit the country, not many were very hopeful of a rapid bounce back by the economy. Yet, pragmatic and consecutive steps taken by the Modi government since 2014 have turned the Indian economy extremely resilient, which is why the path to recovery has become much easier. Such is the mood regarding the Indian economy, that senior executives who occupied important positions at well-known multinational companies are turning themselves to Indian companies because the environment and growth opportunities offered by desi companies are much more motivating than MNCs.

Indian Executives Ditching MNCs for Desi Companies

According to the Economic Times, an exodus of top talent from multinational corporations to domestic companies are witnessing dozens of high calibre CEOs and CXOs, making the move since 2020. There are many reasons why such executives are moving to Indian companies, the most promising of which include extensive capital expenditure plans, rise in private equity and merger and acquisition (M&A) deals, a booming stock market, newness of many of the expansion projects, and increased decision-making power.

Indian firms have seen the addition of big names to their ranks, and these are all people who left their jobs at major MNCs. For example, Sudhir Sitapati, who was earlier with Hindustan Unilever has joined Godrej Consumer Products Ltd as managing director and CEO. Narendra Agarwal jumped from Unilver and Capgemini to become the global CIO of Dabur. Shali Raghavan shifted from L’Oréal and HUL to become the global chief marketing officer of Nykaa. There are many more executives who have dumped multinational companies to work for well-established Indian firms.  

Why are Indian Executives Leaving MNCs?

At Indian companies, these senior executives, who left their lucrative jobs at MNCs are being made a part of the decision-making process. Indian companies also seem to be providing much better growth opportunities for such executives. With MNCs, India-based executives do not become a part of the decision-making process, as that is something that happens at the company’s headquarters which is not in India. However, in desi firms, these executives become a part of the top echelons which runs the company. 

Furthermore, Indian companies are expanding around the world. So, they are MNCs in their own right, and soon enough, will be competing with the biggest of brands around the world. At such a time, Indian executives want to be a part of their country’s companies. They seek to contribute to India’s business growth around the world.

R Suresh, founder of executive search firm Insist said, “Leading Indian corporations have global expansion plans through M&A (mergers and acquisitions), strategic partnerships and organic growth.”

The Health of the Indian Economy

Despite the UN Conference on Trade and Development report stating that global FDI flows plunged by 35 per cent due to COVID, FDI in India increased by 27 per cent to USD 64 billion in 2020 from USD 51 billion in 2019. Reforms have been at the core of Modi’s government strategy to keep the Indian economy in a healthy state as it claes new heights. Most recently, the Modi government took a big business-friendly decision as it scrapped the retrospective tax regime.

The Indian equity markets have now emerged as the best-performing among global peers on a year-on-year (YoY) and year-to-date (YTD) basis on the back of robust retail and institutional participation and better-earning prospects. The return correlation between India and global equities has declined to 61 per cent from over 80 per cent a few months ago. This means that the Indian markets are increasingly growing independent of their foreign peers. Now, crests or troughs in foreign markets will have a lesser impact on Indian stocks.

Read more: Modi 2.0 – Clearly the best government in Independent India as far as economic outlook is concerned

According to a report by the Economic Times, the number of new companies incorporated under the companies’ law rose 26 per cent to over 1.55 lakh in 2020-21 as compared to the previous year. A Rubix Data Sciences report stated that 1,55,377 new companies were registered in India during FY2020-21 compared with 1,22,721 in FY2019-20, recording a 26 per cent increase. It also noted how the momentum in new company registration has continued in FY2021-22 despite the second wave of Covid-19. 

India’s gross domestic product (GDP) grew at a record pace of 20.1 per cent in the first quarter of FY22 — the highest-ever GDP growth in a single quarter. Thereafter, the GST collection numbers released on Wednesday for August showed a 30 per cent increase from the same month the previous year and, crossed the $1 trillion mark for the second consecutive month. Business activity in India, meanwhile, is booming. 

The Indian economy’s performance in the face of adversity is pushing senior executives from major MNCs to turn their eyes towards Indian companies in a bid that would help them secure their fortunes, while also making them a part of India’s campaign to go global with its businesses. 

Tags: DabarEconomyGodrejHULIndianIndian stock marketMNCNykaa
Share69TweetSend
Previous Post

Why Xi Jinping has not stepped out of China for the past 600 days

Next Post

Taimur and Jehangir’s father Saif gets trolled by Islamists for performing Ganesh Puja

Sanbeer Singh Ranhotra

Sanbeer Singh Ranhotra

।। Political Enthusiast ।।Compulsively Opinionated ।। Aspiring Journalist ।। ਮਨ ਨੀਵਾਂ ਮੱਤ ਉੱਚੀ ।।

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Financial Times makes India’s job easier!

Financial Times makes India’s job easier!

4 October 2023
Jyothi Yarraji case: When Bharat didn’t give up

Jyothi Yarraji case: When Bharat didn’t give up

4 October 2023
One raid on NewsClick, and the “Tukde Tukde Gang” goes berserk!

One raid on NewsClick, and the “Tukde Tukde Gang” goes berserk!

4 October 2023
Lahore 1947: A crossover for survival?

Lahore 1947: A crossover for survival?

4 October 2023

Popular This Week

Vijay Darda Coalgate
Opinions

The Vijay Darda Cover-Up: How media shielded a Coalgate scam mastermind

by Atul Kumar Mishra
25 September 2023
Rachin Ravindra in nets
Sports

Happy Birthday Rachin Ravindra Biography Career and life story

by TFIPOST News Desk
18 November 2022
From Coal Blocks to Blocked Stories: The Tangled Web of Darda, Jaiswal and Jayaswal
Opinions

From Coal Blocks to Blocked Stories: The Tangled Web of Darda, Jaiswal and Jayaswal

by Atul Kumar Mishra
26 September 2023
Washington Post leaks the truth about Nijjar’s death
Geopolitics

Washington Post leaks the truth about Nijjar’s death

by Pratyush Madhav
28 September 2023
IAS officer Rinku Dugga who took her dog for a walk in the stadium “Compulsorily Retired”!
Trending

IAS officer Rinku Dugga who took her dog for a walk in the stadium “Compulsorily Retired”!

by Animesh Pandey
28 September 2023

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost