Key Points
Indian companies that once incorporated abroad to build products for the local market are now making their way back home..
"Three years ago, I shared the problem of Indian companies building for India but incorporating outside the country..
This shift comes at a time when the number of Indian firms with a market cap exceeding $1 billion is at an all-time high, and the countrys stock market has witnessed a massive surge in retail participation, with 10 crore unique investors compared to just 3 crore in 2020...
"Thanks to the bull market and the ease of going public, there's a 'ghar-wapsi' of Indian companies incorporated outside," Kamath wrote..
India now sees a similar trend in reverse, as companies recognize the growing potential of the domestic market while benefiting from local regulatory changes..
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