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India has long attracted investors due to its strong growth potential. It boasts the world's largest democracy and fourth largest economy. Below is an overview of some recommended banking, automotive, and technology stocks from India.

Lionbridge Technologies, Inc. (NASDAQ:LIOX) is trading just under $3 at the time of this article, in the middle of its 52-week trading range of $1.94 to $4.10. The company has a market capitalization of $170 million. Earnings per share for the last year were $-0.07, and did not report any dividends. Lionbridge Technologies is a language translation software company that provides editing and real-time translating for businesses. Lionbridge is in a highly competitive industry. It has also been losing for the last three years. The bright side is that revenues have been also been increasing during this period. Considering the increasing subscriptions to its cloud-based translation productivity platform and strong demand for GeoFluent, a real-time translation platform developed in partnership with IBM, the revenue growth projection of 5% to 10% in 2012 could likely be realized or even exceeded. This rise in revenues may finally nudge the company into profitability, and so result in higher stock price. The shares could very well turn out as a good bet for investors.

ICICI Bank Ltd. (NYSE:IBN) is trading around $38 at the time of writing, with a 52-week low of $30.46 and a high of $51.50. The company has a market capitalization around $22 billion. Its earnings per share during the last year were $2.17, and it paid a dividend of $0.62 (a yield of around 1.70%). ICIC Bank is the second largest bank in India next only to the government-owned State Bank of India. The Bank is a diversified financial services group with operations mostly in India. It achieved an operating margin of 21% while keeping risks low with NPA ratio below 1%. The bank's other advantages are competent management and India's growing economy. Recommended for risk-averse investors as a blue chip at a reasonable price.

Tata Motors Ltd (NYSE:TTM) is trading just under $26 at the time of writing, as against its 52-week trading range of $14.33 to $29.06. Earnings per share for the last year were $2.95, and it paid a dividend of $0.42, yielding 1.70%. A significant portion of its earnings is being plowed back into the company. Tata Motors is an automobile company. Currently, auto stocks seem to be unattractive because of competition and high fuel prices but Tata is different. Its motor production is geared towards high-growth South Asia and is focused in the low-end but resilient portion of the market. A significant portion of its earnings is also being plowed back into investments in diverse industries from IT to real estate. No wonder Tata continuous to grow despite the difficult times. Tata's diverse portfolio and its undemanding price to earnings ratio of 8.71 should not make it difficult to attract investors.

Wipro Limited (NYSE:WIT) is trading around $11 per share, against its 52-week trading range of $8.63 to $15.39. At the current market price, the company is capitalized at $28.10 billion. The company earned $0.45 per share last year, trades on a price to earnings ratio of 25.32 and paid a dividend of $0.18 for a yield of 1.60%. Wipro is a global IT services and consulting company headquartered in Bangalore, India. Aside from its business process outsourcing and IT services, which contribute about 75% of revenues, it also manufactures soaps, baby care and lightning products. WiPro will continue to do well with the continuing strong demand for IT services. The company has just moved into cloud related business for additional revenues. Buy for growth.

Infosys Limited, (NYSE:INFY) is trading around $58, against its 52-week trading range of $46.12 to $74.25. At the current market price, the company is capitalized at $32.62 billion. The company earned $2.89 per share last year, trades on a price to earnings ratio of 19.75 and paid a dividend of $0.56 for a yield of 1.00%. Infosys Limited is a global technology services company headquartered in Bangalore, India. It has offices in 29 countries and development centers in India, US, China, Australia, UK, Canada, Japan and many other countries. Just like its competitors, Infosys is a buy because of strong demand for IT services. If one must choose only one IT service company to invest in, then Infosys should be seriously considered. Infosys is superior to Wipro in terms of operating margin, 28.6% versus 16.6%, and in price-to-earnings ratio, 19 versus 25.

Source: 5 Indian Companies With Big Growth Potential