At 242, Indian companies make up nearly a quarter of the total number of companies on the list. The high number is a testament not only to the vibrant nature of the Indian economy and the surprising depth of its capital markets, but also to the horizontal character of that country’s growth, which is relatively well-distributed amongst industries and companies.
The Indian heavy industry is particularly well-represented in the list, with 43 companies in the IBT1000 engaging in industrial pursuits like machinery manufacturing and 46 companies producing basic material like chemicals and ore. A further 23 spots on the list belong to Indian auto and auto parts makers.
The much-vaunted growth of the Indian textile industry, an export-focused area of the economy, is also apparent, with 33 concerns belonging to this industry classification. Interestingly, the Indian IT sector, which was the country’s pride and joy during much of the last decade, seems relatively stagnant: it contributed only 18 names to the list.