Reliance Industries Secures 2nd Spot in FutureBrand Index 2024
| Aspect | Details |
|---|---|
| Why in News? | Reliance Industries ranked 2nd globally in FutureBrand Index 2024, surpassing Apple, Nike, and Disney. |
| Top Ranker | Samsung secured the No. 1 position. |
| Reliance's Growth | Jumped from 13th in 2023 to 2nd in 2024 due to strong brand perception, trust, and diversification across industries. |
| Key Competitors Beaten | Apple, Nike, Walt Disney, Netflix, Microsoft, Intel, and Toyota. |
| Changing Global Trends | US brands' dominance declined; Asia-Pacific and Middle Eastern brands gained prominence. |
| Sector Performance | Finance led with 10/15 brands rising, Healthcare struggled with 10/15 brands declining, IT and Energy showed mixed results. |
| Biggest Drops | Alphabet (Google) fell from No. 1 (2014) to No. 57 (2024), Meta (Facebook) dropped from No. 11 to No. 52. |
| Significance | First time an Indian company entered the top three, reflecting India's growing global business influence. |