Asia’s best companies 2003: India dethrones Hong Kong for top spot

A growth rate rivalling China's has thrown up compelling corporate stories from India. Analysts polled by Euromoney favoured its companies for their investor-friendly qualities Kathryn Tully reports; research by Andrew Newby, Paul Pedzinski and David Skalinder.

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Methodology

LAST YEAR, OUR survey of Asian corporates revealed that analysts were more impressed by Hong Kong companies than any others. The region’s economic problems in 2002 didn’t stop it taking five number-one rankings. This year’s survey was very different: Indian companies came top in 10 of the general and sector categories.

A wide range of different views were expressed in our survey of 136 Asian analysts. This meant that some of the scores by winning companies were quite low.

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