Why are Indian businesses facing trouble overseas

December 11, 2012 13:19

When an Indian businessman bought the British carmaker Jaguar four years ago, the deal was heralded as the beginning of the era of the Indian multinational company. Many Indians cheered as domestic business barons acquired companies, set up factories and bought mines across the world. For India, once colonized by the British East India Co., these were milestones in the nation's journey since independence. But as Indian businesses abroad have suffered recent setbacks, the swagger of many here has been diminished. Read more

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