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Business News›News›India’s Growth Champions 2023 ranks nation’s fastest-growing
companies



THE ECONOMIC TIMES DAILY NEWSPAPER IS AVAILABLE ONLINE NOW.

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INDIA’S GROWTH CHAMPIONS 2023 RANKS NATION’S FASTEST-GROWING COMPANIES

SECTIONS
India’s Growth Champions 2023 ranks nation’s fastest-growing companies
MediawireLast Updated: Mar 15, 2023, 12:18:52 PM IST



Over the past few years, India's economy has expanded steadily, which has
prompted the establishment of numerous prosperous businesses. These enterprises
have been able to compete successfully with some of the largest brands in the
international market by utilizing the nation's sizable and expanding market as
well as its skilled labor force.



In India, there is a sizable and expanding local market, which is one of the
factors contributing to these enterprises' rapid growth. India is one of the
world's biggest consumer markets with a population of more than 1.3 billion. As
a result, businesses can now concentrate on meeting the needs of regional
customers and laying a solid groundwork for future expansion. These businesses
have also been able to benefit from globalization and the growing
interconnection of the world economy at the same time. Through partnerships or
acquisitions, many of these businesses have been able to grow their operations
abroad and access new markets all around the world.

India's developing businesses continue to prosper and grow. These businesses are
well-positioned to continue to be successful in the years to come because of a
sizable and expanding market, a competent workforce, and an emphasis on
innovation and entrepreneurship. It is expected that as the nation develops and
grows, more businesses will start up, spawning fresh markets and propelling
domestic and global economic growth.

India’s Growth Champions


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Advertisement: 0:09







The Economic Times and Statista's India ‘s Growth Champions 2023 ranks the Top
125 companies in India that have achieved the highest percentage growth in
revenues between 2019 and 2022.

The ranking used a set of criteria to determine which Indian industries had the
fastest-growing companies; to be eligible, a company had to have generated a
minimum amount of revenue over three years, be an autonomous entity, and have
predominantly shown organic growth. This made sure that, in addition to being
economic accelerators, the only businesses featured had real economic substance,
sustainability, and legitimacy. The culmination of these several elements made
it possible for those featured in the list to be rightfully referred to as
India's growth champions.

Expansion is frequently a company aim, but it can be difficult to achieve.
India's Growth Champions are a select group of businesses that have perfected
the art of gaining ground year after year. Because the desire for progress is a
fundamental human instinct, we can all learn from the lessons found in their
triumphs.








( Originally published on Mar 06, 2023 )





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Copyright © 2023 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint
rights: Times Syndication Service


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