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Rajiv Gandhi, who assumed the office of prime minister in 1984, nourished visions of creating technological changes in India.
Much as there was an ideological acceptability of the necessity of reforms, it was actually triggered by the country’s acute current account deficit in 1990.
The long-established Assam Company was not “Indianised” until 1991.
Policy liberalization after 1991 created new opportunities, especially in information technologies, in which firms such as Infosys and locations such as Bangalore finally revealed the potential of Indian business to the world’s attention.
The major turnaround took place with the assumption of office of PM Narasimha Rao in 1991 after the untimely death of Rajiv Gandhi.
Fareed Zakaria, “The Private Sector Is India’s True Face—Open, Pragmatic,” interview by Saumya Roy, Outlook India, October, 11 2005.
Wanda Fortune of the Rappahannock Tribe at the Camden property signing ceremony in June, 2009.
Karl P. Savant, et al., eds., The Rise of the Indian Multinationals: Perspectives on Indian Outward Foreign Direct Investments (Basingstoke: Palgrave Macmillan, 2010), 12.
By 2015, his group’s turnover amounted to US $42 billion.
Pankaj Sinha, “How India Is Using Public-Private Partnerships to Expand Healthcare,” World Economic Forum, January 7, 2016, https://tinyurl.com/y3nbkt8r.
The Startup India Scheme was initiated by the government in 2016 with the ambitious campaign, “Startup India, Stand Up India.” More than 15,000 startups have been recognized, generating approximately 15,000 jobs.
World Bank, “Doing Business Report: With Strong Reform Agenda, India Is a Top Improver for 2nd Consecutive Year,” October 31, 2018, https://tinyurl.com/y545ooz9.
The private sector now accounts for about 74 percent of India’s total health care expenditure and is expected to reach US $280 billion by 2020.6 Apollo, Narayan Hrudayalaya, and Fortis are some of the big names.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Visonex | 2002 | $6.2M | 70 | - |
| Arizona Kidney Disease & Hypertension Center | - | $23.0M | 375 | - |
| CFKC | 1973 | $50.0M | 100 | 12 |
| Davita Healthcare | 1992 | $5.9M | 247 | - |
| Rockwell Medical | 1996 | $101.5M | 269 | 118 |
| AmeriPath Holdings Inc | 2002 | $1.4B | 3,979 | - |
| Med-Metrix | 2010 | $8.4M | 350 | 1 |
| AdvantEdge Healthcare Solutions | 1999 | $170.0M | 581 | - |
| Brightree | 2002 | $14.7M | 533 | 45 |
| CPSI | 1979 | $342.6M | 2,000 | 13 |
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