Introduction
Our Industrial visit was divided into two parts. In first part we visited Pune and Goa. This trip was of seven days i.e. 21st September 2013 to 27th September 2013. We visited seven different kinds of industries during this visit of western-south India. Then we went to north India. This second part of Industrial visit was of 12 days i.e. 7th October 2013 to 16th October 2013. It was a great learning for us. We came to know about some very good management practices, latest technology, safety measures, operations etc.
Business Environment in India
India with its consistent development and satisfactory profoundly skilled manpower sends outstanding forecasts for investments. India is the most populated democracy and tenth major economy in the world. India is the 4th most widespread economy all over the world when it comes to procuring power parity.
India allows a profuse, attractive, and trader friendly investment. India is pulling on encouraging foreign investment. India posses most liberal and transparent plans on foreign direct investment (FDI) among chief economies around the globe
India includes a giant social-economic class & 55% of its population is below the age of 25 years. High economic growth and rising per capita income has resulted into higher growth in domestic market.
Government of India highly highlights on the development of structure in roads, ports, railways, airports, power, telecom, etc. Government is repetitively looking for domestic and foreign reserved investment, for infrastructure sector for development.
India provides great avenues for investments in various sectors which are
Automobile, Textiles, Civil Aviation, Chemicals, Roads & Highways, Defence, Education, Heavy Industry, Power, Food ...
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... February 2013 was recorded as € 15465 million (US$ 20,899 million).
• Foreign institutional investors (FIIs) made a net investment (including equity and debt) worth € 22.73 billion (Rs 168,367 crore/ US$ 30.72 billion) in 2012-13. Moreover, € 229.74 million (US$ 310.47 million) in the equity and € 30.57 million (US$ 41.32 million) in the debt market were invested by FIIs, as on May, 2013.
• Foreign exchange earnings (FEE) from tourism in India registered a growth of 19% to touch € 1.38 billion (Rs 10,186 crore /US$ 1.86 billion) in February 2013 as compared to € 1.15 billion (Rs 8,502 crore /US$ 1.55 billion) during the same period last year
• Resident Indians remitted almost € 688.2 million (US$ 930 million) abroad in the first 10 months of 2012-13.
• The Indian economy is estimated to grow at a higher rate of 6.7% in 2013-14 due to revival in consumption.
Though the world economy as a whole has grown in recent years, a factor that is not taken into account is that the number “of the poor in the world has increased by 100 million” (Roy 3). In other words, the gap between rich and poor is widening. For India, this has startling implications. Though it is a nation that is developing in many ways, it also is a nation blessed with over one billion citizens, a population tally that continues to grow at a rapid rate. This population increase will greatly tax resources, which can create a setback in the development process. The tragedy, of course, is that the world is full of resources and wealth. In fact, Roy quotes a statistic showing that corporations, and not even just countries, represent 51 of the 100 largest economies in the world (Roy 3). For a country struggling to develop, such information is disheartening. However, there is also a more nefarious consequence of the growing disparity between rich and poor, and power and money being concentrated in the hands of multinational corporations: war is propagated in the name of resource acquisition, and corruption can reign as multinationals seek confederates in developing countries that will help companies drive through their plans, resulting in not only environmental destruction but also the subversion of democracy (Roy 3).
...ustrial manufacture. Others created industries ancillary to ongoing textile industrialization, such as bobbin mills and foundries.
...S$1 billion from private equity funds in the year to March 2012. In a market as large as India, that is still far from impressive, but incoming capital is expected to rise in the following year. If it does, it will represent a significant turnaround for a market that foreign private equity investors have largely shunned since the onset of the global financial crisis. Risks associated with Indian real estate investment are considerable, however. As one interviewee puts it, “It’s like China, but more complex in every possible way, without the infrastructure.” Bureaucracy, ubiquitous delays, land acquisition scandals, and an ongoing national protest movement targeting corruption have all contributed to waning foreign interest in Indian markets, with foreign direct investment and portfolio investment dropping markedly despite economic growth of about 8 percent in 2011.
Firstly, industrialisation has expanded the employment opportunities in India. People living in rural areas have moved to cities in search of better employment.
What do these industries depend on? Yes they depend on good transportation systems to bring raw materials to factories and to distribute finished goods. Thus they started building canals between mines and factories, then a road surface, and finally the rail road industry was developed. George Stephenson developed the Rocket; the first steam powered locomotive. Also the American Engineer Robert Fulton developed a way to use steam power for ships. The postal system was also introduced by the British but this time inexpensively. And last we should remember the telegraph that sent messages by electrical impulses not only in Europe but also between America and Britain.
Robyn Meredith tells a complex and very important story of two formerly dirt-poor nations. China and India have transformed much of their economies to produce vast amounts of wealth and to lift hundreds of millions of people out of desperate poverty, which is about all they have in common. China is worlds ahead of India despite its politics. India is democratic but its history British Colonial rule has in some ways hindered their growth. While one would expect China to be a big version of North Korea, and India to be the most Western of the Asian nations, it has not worked out that way.
Today, India is the second most populous country in the world and in 2050 this country – continent should overtake the giant Chinese and to be the largest society in the world with more than 1,6 billion of people. In India, more than 15 million marriages take place each year.
In the year 2007, China and India ranked first and second respectively in the list of ideal foreign direct investment (FDI) destinations, according to A T Kearney, a global strategic management consulting firm (The Press Trust of India Limited, 2007a). The two nations, because of their similarities in geopolitical, economic and demographic aspects, are often compared with each other. To determine which one is more attractive for businesses to expand to, this essay will examine the business environment of both countries from the following perspectives: political/legal, economic, socio-cultural and technological.
[6] Kripalani, Majeet & Egnardio, Pete. The Rise Of India. Business Week Online. December 8, 2003. http://www.businessweek.com/magazine/content/03_49/b3861001_mz001.htm
The country adopted a liberal democratic system that has since then reduced the level of government interference. Foreign investments and free trade in the country has helped India’s economy to become one of the fastest growing economies in the world today (Patnaik, 2014). The country has managed to reduce poverty levels and it is on the process of improving living standards for the people. This shows that having a stable democracy is a major key to rapid economic growth. Another country that has faced similar conditions as India is Bangladesh.
Indian population has a mixture of culture, variety of languages and difference in resources. The difference in occupational structure, literacy level, health status and other socio-economic factors among the states leads to the
The hotel industry is one of the fastest growing industries in India. The total market size of Indian tourism and hospitality sector stood at US$ 117.7 billion and is expected to touch US$ 418.9 billion by 2022. The foreign direct investment (FDI) inflows in hotel and tourism sector during April 2000 to July 2013
Poverty is a big issue for India which has a very big population at very poor and poor. (BB: India’s Democracy) Basic utilities such as water and electricity are still an issue for the poorer regions of the country. These issues are much more prominent in India than they are in China or in Japan who have had more time to deal with these issues. India’s path to modernity is not over and it is still ongoing. When comparing India with China it is difficult to assess which of the two has had the most difficulty in modernizing. While China’s history is filled with revolutions and blood shed, India’s history is filled with oppression and complete dominion by foreign powers such as the EIC. The reason why India is still struggling to modernize is because of this time that was dominated by powers that had little interest in helping India achieve modernity. China and Japan were eventually able to overcome most their challenges and become major world powers. India is on the rise to becoming a major world power but it still lacks modernity to fully do so. Until India becomes more modern it will be difficult for it to make any big contributions
India, the population of which is estimated to be 1.27 billion also ranks 2nd in largest population and 33 in population density. The social problems in India in the new
Tourism contribution to Indian GDP is 5.92%. The number of tourist from across the globe to India has grown from 4.45 million in 2006 to 6.69 million in 2011. India tourism sector ranks 7th in the world in terms of total contribution to GDP, according to a report of the World Travel and Tourism Council (WTTC). Moreover tourism sector has created 40.3 million jobs in 2016, which ranks India 2nd in the world in terms of total employment generated. The sector accounts for 9.3% of the country’s total jobs.