Doing Buisness in India

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Recommended: Role of globalization in international trade

Selected Question:
• Select a country of interest to you and discuss and analyse the political, economic and legal characteristics of that country, and the implications for doing business there. (Chapter 2)

INTRODUCTION
Exchange of goods and services across countries or simply international trade is a direct impact of globalization. In recent business developments, conducting international business has become a common but a complex business strategy. No country in this world is fully self-sufficient. In order to overcome from the imperfections, businesses need to find countries which can fill the business gaps. With this intension, a PEST analysis is done in the selected country in certain areas including the political, economic and legal to start up a medium scale business.
India is a developing country in the Asia region which belongs to the BRIC countries as well. India is in a rapidly growing stage entering into several international agreements and interrelationships with other countries. When considering about a country in order to do business, India has provided a clear and a smooth pathway to investors. As an overall aspect of consideration when choosing a country to conduct businesses, India’s current business environment and procedures have encourage investors to look over into India and have a glance on its business setting. This study of India would enhance the knowledge and allow having a clear and a specific background on India on conducting international business platforms.

SOCIAL and CULTURAL overview of India
India is the seventh largest country in the world. It is a republic country in south Asia. India’s climate is considered to be classified as tropical monsoon in South India and a moderate temperature in ...

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...Indian market to start business. India has many religions, skin colours, different languages and also India has abundance of a highly skilled workforce. According to the analysis and the study, India will be a good market place opportunity to start new business in this country. Indian legal system also creates excellent platform to continue new ventures. Most of the countries cannot produce goods themselves, cost advantages, to face globalization etc. by considering the political, economic and legal aspects India has vigour to provide those facilities. With the positive aspects there are some weaknesses and threats as well. India is a rapidly developing country and investing in India has lower risk than other emerging countries in the world. Finally India’s young population and growing economic power promises to be a magnet for foreign companies for decades to come.

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