India Inc faces rough weather in overseas biz; domestic ops take priority

Post-Covid-19, the action has shifted to the home market

In the past 12 years, Indian companies — led by the Tatas, Birlas and Mukesh Ambani’s Reliance Industries — poured billions of dollars in acquiring assets overseas. The gold rush was followed by other groups like Bharti, JSW Group, and the Mahindra group. 

But, as global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season, bankers said. “The pandemic has given a lot of time to promoters to look at the performances of group companies