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Google to invest $10 billion in India
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For instance, Sinopec is 3~4x larger than Reliance industries. But Reliance is bigger than Sinopec in terms of market cap. Because everyone in the west have the wishful thinking that India is the next China but India is not. China has three Sinopec competing each other while India has only Reliance, but still, Sinopec is 3~4x larger.
Just think of this, the cost for Google to earn a market the same size of US or China is to make India’s richest man much richer than Larry Page. Would you like the deal if you were Larry Page?