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This article focuses on the business strategies of K. Anji Reddy, who founded Dr. Reddy's Laboratories Ltd. in India. Reddy is lobbying the government in Indian to adopt and enforce the international drug-patent regime, something Delhi has promised to do by 2005 under a World Trade Organization agreement. India, with its flowering of English-fluent and scientifically literate minds, just might rise above the business of making generic drugs and ripping off patents. Dr. Reddy's invests 6.5% of its $276 million sales in research, a habit it began in 1994.

Focuses on investment opportunities in India. Comparison of developing markets in China and India; How Scobie Ward, chief investment officer of Lloyd George Management, chooses companies to invest in for his LG Asian Smaller Companies Fund; Suggestion that software companies in India could begin to dominate the industry.

The article points out some of the economic strengths and weaknesses of Brazil, Russia, India and China, and identifies investment opportunities. The Brazilian government's skilled management of fiscal and monetary policy broke the back of inflation and restored confidence in the nation's currency, the real. Russia is running trade and budget surpluses, while India has good corporate and management quality. It is also noted that China's fast-motion industrialization, urbanization and infrastructure construction are driving the global economy. INSET: HOW THE BRIC ECONOMIES AND MARKETS COMPARE.

This article explains the economic expansion of emerging Asian countries. The expansion has helped increase prices of most commodities, from edible oils to petroleum. Considering the strengths of China, the stock performance of India is far better. A closer look at the dynamics of China's growth and its stock markets explains much of the divergence. Although the contrasts between China and India are apparent now, they will likely blur after some time.

Focuses on Hindustan Lever, a personal-care products manufacturer in India. The company's domination of the soap market in India; Mention of an effective marketing gimmick in which Hindustan placed gold coins in some bars of Lux soap; Challenge of convincing consumers of the need for personal-care products; Financial strength of Hindustan, which is owned by Unilever; Creative efforts of the company to increase awareness of its brands.

Discusses the use of computer software labor in India by North American companies. Consideration of the Indian companies as partners, rather than subcontractors; Increase in Indian exports of software services; Use of Indian labor by Nortel Networks; Skill of Indian workers.

This article asserts that India is a good place for multinational pharmaceutical companies to conduct basic drug research. Pfizer Inc., Novo Nordisk AS and Novartis have begun clinical research there. Quintiles Transnational Corp., the world's largest pharma contract research outfit, has opened several centers and is expanding. Drug multinationals would also like to conduct basic drug research in India. This would respond to the developing world's accusation that Western drug firms ignore its health problems.