India's Billionaires Bet on Foreign Soil Indian billionaires have been acquiring foreign companies at an unprecedented rate, sparking debate about the motivations behind this trend.
While some see it as a natural extension of India's economic ambitions, others believe that these deals reflect growing disaffection with the domestic business environment.
Data from Grant Thornton reveals that Indian companies spent $18 billion on outbound acquisitions last year, a 34% increase from the previous year.