In 2007, Indian companies acquired more than $18bn worth of western companies. And in the past four years, the Indian economy has grown by 9% every year.
A prime example of the Indian acquisition trend is the recent takeover of Jaguar and Land Rover by Tata. The world economy has, as Aditya Chakrabortty just wrote for the Guardian, tilted. In the favour of Asia.
But the big impacts of the new Asian economies aren’t mainly the acquisitions. It’s the prices of oil and commodities like steel that have burst through the ceilings thanks to a highly increased demand from the likes of India and China.
It’s quite logical. As The Guardian puts it;
India and China have such big populations that, as they get tied into the global economy, they can’t help but have huge impacts on the rest of the world.