Global HR Competencies: Mastering Competitive Value from the Outside-In

CHAPTER 77

INDIA

WAYNE BROCKBANK AND L. PRABHAKAR

India is emerging as one of the world’s most dynamic economies—and one of the most dynamic locations for the innovation of value-adding HR practices. It is currently the ninth largest country by nominal gross domestic product and second among the fastest-growing major economies.¹ Emerging from a controlled economy in 1992, it has become a powerhouse of competitiveness, innovation, and aspiration. In many ways, it is setting the global standard for HR practices that accelerate growth while balancing the complex challenges of a large developing country.

ICICI Bank: Excellence in Action

ICICI Bank was founded in 1955 to promote the industrial development of newly independent India. Since the liberalization ...