Till now Indian image has been that of intelligent IT & Call Centre workers. India, a backoffice for execution of not so important tasks at cheap rates.
India as managerial number one, argues that Indians after proving themselves in IT are showing their mettle in Managerial capabilities.
It is now seen as a global managerial power, one that can take over multinationals across the world and improve their performance. So, global financiers are tripping over one other to fund foreign acquisitions by Indian companies.
This new Indian image owes much to Lakshmi Mittal’s success in acquiring and turning round steel plants in many continents, becoming global number one in steel. His key managers are mostly Indians.
Their success has established Indian managerial capabilities in steel as being superior to American and European ones.