Last week Forbes Asia published its 2022 edition of the best 200 mid-sized companies in the Asia-Pacific region. These are publicly listed companies with annual revenue of below one billion dollars. This year, 24 Indian firms made the list titled "Best Under A Billion", down from 26 in 2021. This placed India in the fourth position among Asian countries, one position ahead of China which has 22 companies on the list. Taiwan has the greatest number of companies listed at 30, followed by Japan with 29 and South Korea has 27.
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