The scope of international business for developing countries is amply demonstrated by the rapid strides made by several developing countries like South korea, Taiwan, Hongkong,Singapor and peoples Republic of china. In India’s performance ,in comparison with these countries has been very poor. The above table represents the India status is unimpressive. whether one compares it with china ,a much larger economy than India, or the other nations. Which are very smaller than those of several states of India, albeit, India has performed better than many developing countries. Developing countries like South korea with very good economic performance has such well –known multinationals like Hyundai, Daewoo, Samsung, LG, which are making inroads into India, whereas India with its massive size and diverse Resource base and which has a longer history of Industrialisation.