The Forbes Global 2000 list of the world’s most powerful companies makes for sad reading from the Indian viewpoint. The number of Indian companies on the list has been dwindling over the last three years—from 61 in 2012 to 54 this year—while the Chinese contingent is growing in numbers and clout. The Top 3 in the Global 2000 are all Chinese companies, even though the US dominates the overall list with 564 members. China has 150.
(This story appears in the 13 June, 2014 issue of Forbes India. To visit our Archives, click here.)