With a gross domestic product (GDP) growth rate of around nine percent, and half of the population below the age of 25, India stands at or near the top of the agenda of almost every global corporation and political power. Top leaders of twelve states, including the president of USA, Russia, China, France, and Prime Minister of U.K., visited India within just a single year of 2010, and quite expected, economic and commercial relationship with India topped their agenda. India is expected to produce the most new multinational companies, as the emerging economies’ largest source of new multinationals and over 2200 Indian companies are projected to open operations outside the country over the next 15 years (PWC, 2010).