Monday, May 07, 2007

NASDAQ to India: It’s all in the numbers

One of the world’s most respected stock exchange, NASDAQ is the new turf for ‘Chindia’. NASDAQ has decided to roll out a dedicated index of Chinese companies listed in the US, in the current quarter while India awaits its turn. For a dedicated index, a minimum of 30 companies have to be listed in the US – and that’s precisely the reason why India has missed this bus. Consider the number equation – 38 Chinese companies are listed on NASDAQ as against India’s 7; 31 Chinese companies are on the NYSE compared to 10 Indian companies. As it eyes a global niche, maybe India Inc. should start being where it matters the most.

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