India is home to 56 of the world’s 2000 largest and most powerful public companies, according to the Forbes’s annual list. The list gives a snapshot of the world’s largest companies, and shows the dominance of the US and China in the current global business landscape. China’s four biggest banks own the top four spots and the South Asian giant is home to 232 of the world’s largest companies. With 218 companies, Japan slid into the third spot.
In India, Reliance Industries is ranked 142 on the list and State Bank of India is ranked 152. The other Indian companies on the list are Oil and Natural Gas ranked at 183, Tata Motors (263), ICICI Bank (283), Indian Oil (349), HDFC Bank (376), NTPC (431), Tata Consultancy Services (485), Bharti Airtel (506), Axis Bank (558), Infosys (672), Bharat Petroleum (757), Wipro (811), Tata Steel (903) and Adani Enterprises (944).
Global 2000 companies hail from 61 countries and account for combined revenues of USD 39 trillion, profits of USD 3 trillion, with assets worth USD 162 trillion, and a market value of USD 48 trillion. The total market value of Global 2000 companies, owing to a bull market, grew 9 per cent year-over-year, Forbes said.
Europe has lost 20 spots to finish with 486 companies, falling further behind Asia (691) and North America (645) in continental rankings. France fell out of the top 5 countries, conceding its spot to South Korea, while Argentina and Cyprus made their debut on the list this year. In 121 spots, construction overtook utilities as the third leading industry as part of the upbeat global economic outlook, Forbes said.
The present Indian government's futuristic vision to make India a leader as a manufacturing hub through Make In India, can make the country to have more largest and most powerful public companies. India is vibrant with the Prime Minister’s hyper active campaign around the world. The present government’s initiative in liberalizing and speedy permissions for doing business in this country will pave way for more companies to get listed by Forbes. This will also ignite the job market for the youth of India, as promised by Modi during his election rallies.