India dominates Forbes list of Asia's top firms

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SINGAPORE, Sept 6 (AFP): India has the largest number of profitable companies with revenues or market capitalisation above 5.0 billion US dollars in the Asia Pacific region, Forbes business magazine said today.
The US business publication said 12 Indian companies, including the country's biggest mobile phone service provider Bharti Airtel and ICICI bank, were in this year's list of the top regional 50 firms.
It was the largest representation by any country. Taiwan followed in second place with 10 homegrown firms on the list.
China placed third with seven businesses including China Mobile and Lenovo Group, said Forbes.
"With a relatively young population of 1.1 billion, India has its own huge market," the US magazine said.