Has Indian industry accepted that there is a link between TQM and healthy bottomlines?

There is certainly a correlation between the company's performance and the application of TQM. The essential purpose of TQM is to add value to the customer, which results in better product performance in the market hence adding to the company bottomline. If a company is able to increase productivity and efficiency while cutting down on costs with the help of DWM, profits are bound to go up.