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"India loses out to Armenia in number of super-growth companies
NEW DELHI: With domestic firms announcing new M&A deals every other day, showing a huge appetite for growth backed by a robust economic expansion, India has surprisingly lost its place as the world's second largest home to "super growth" companies to a relatively unknown Armenia.
While the US has retained its top position on Grant Thornton International's Super Growth Index for third year in a row, India suffered a dramatic drop to 14th position as the country's proportion of super growth companies halved from 34 per cent to 15 per cent.
India has been replaced by a newcomer Armenia at the second position with 38 per cent proportion of super growth companies there, as against 44 per cent in the US, said the study, released on Sunday, by global consultancy major Grant Thornton. "
NEW DELHI: With domestic firms announcing new M&A deals every other day, showing a huge appetite for growth backed by a robust economic expansion, India has surprisingly lost its place as the world's second largest home to "super growth" companies to a relatively unknown Armenia.
While the US has retained its top position on Grant Thornton International's Super Growth Index for third year in a row, India suffered a dramatic drop to 14th position as the country's proportion of super growth companies halved from 34 per cent to 15 per cent.
India has been replaced by a newcomer Armenia at the second position with 38 per cent proportion of super growth companies there, as against 44 per cent in the US, said the study, released on Sunday, by global consultancy major Grant Thornton. "
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