Why companies shouldn’t write off India
Asked late last year about the market for Apple Inc. (APPL) products in India, Chief Executive Officer Tim Cook more or less wrote off the huge country. He blamed a “multilayer distribution structure” for making it too hard to reach consumers beyond elites in cities such as Mumbai and Bangalore. Apple (AAPL) would look elsewhere for growth: “In the intermediate term there will be larger opportunities outside there,” Cook said.
Read Full Story>>

