But like other countries that have succeeded in reaping the benefits of globalisation eg, Vietnam, Malaysia and Mauritius it has combined export promotion with a judicious mix of selective protection and controls on capital markets.

ECONOMIST: Going global

Afghanistan, Bangladesh, Brunei, Bhutan, Cambodia, East Timor, India, Indonesia, Iran, Laos, Malaysia, Maldives, Mauritius, Mongolia, Myanmar, Nepal, Pakistan, Papua New Guinea, Singapore, Sri Lanka, Thailand and Vietnam.

ENGADGET: YouTube will live stream HD Olympics coverage to 64 territories in Asia, Africa

Beyond the 58 properties across India that have been added since the Taj Mahal Palace Hotel opened in Bombay in 1903, the operation owns or manages 17 hotels and resorts in the Maldives, Mauritius, Malaysia, Bhutan, Sri Lanka and Australia, plus the U.K., Africa and the Middle East.

FORBES: Taj Hotels is extending another Tata arm to America.