The Business Environment of India

Executive Summary The purpose of this report is to prepare a country report of India in order to assess the business environment of this country and to provide the CEO with important information for making a decision about business. In order to do so, this paper considers political, social, and economical environment of India, Gross Domestic Product, FDI, geographical position, natural resources, work force values, and consumer attitudes.Advertising We will write a custom report sample on The Business Environment of India specifically for you for only $16.05 $11/page Learn More Introduction NCAER (2010) argued that the global financial downturn caused by the Western countries in 2008 and prolonged all over 2009 has seriously injured the world economy but China and India have gained tremendous economic growth under the recessionary economy. India has achieved such challenging success for its policy, business innovation, and skilled human resource. Prabhud esai (2010) analysed the economic survey of India 2009 and pointed out that the country is going to record 7% GDP growth in 2009-10 whirl it largely connected with the US Economy and the quick recovery of financial crisis. Indian policy has vastly aimed to accelerate the economy with balanced Human recourse development, Information Technology, Agricultural and infrastructural development while the county is the pioneer of global outsourcing market. Meanwhile the government and private sector of the country to grasp greater equity in the banking sector while it has also aligning of attracting FDI1 inflow, export oriented Industrial growth and regulatory reforms in higher education. Country Profile Geographic Demographic Overview According to the report of World Wealth Report and World Economic Report, India is now the ideal place for multinational companies to do business because it situated in Southern Asia (between Myanmar and Pakistan), which has link with the Indian ocean, the A rabian Sea, and the Bay of Bengal by Bangladesh (Hamsapriya, 2010, p.10). IndexMundi (2010) provided the data of the total population of India and it was about 1,156,897,766 in 2010 while it was 1,166,079,217 in 2009. Initially, the population growth rate was high but not this rate is reducing dramatically, for instance, in 2004, 2005 it was 2.91 % and 0% gradually and now the growth rate is -0.79%.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Figure 1: – Total population of India from 2003 to 2009 Source: – IndexMundi (2010) Age (Year) Percentage 0 to 14 30.5% 15 to 64 64.3% 65 and older 5.2% Life expectancy Age (Years) women 67.17 Men 65.13 Total (Average) 66.09 Table 1: – Life expectancy, Age groups Source: Self generated IndexMundi (2010) Economy of India India has a highly developed economical environment, as it is the eleventh positio n in world economy and its economy grew at its fastest rate due to rapid growth of software sector, infrastructure development, industrial revolution, and proper use of its resources. According to the report of Library of Congress (2006) from 1947 to the late 1970s, central government centralized the economy of India, but this position changed from 1880s, for instance, privatization of government industries and reduced tariffs help the country to experience 7% annual growth rate.Advertising We will write a custom report sample on The Business Environment of India specifically for you for only $16.05 $11/page Learn More Library of Congress (2006) also addressed that FDI has enlarged to an annual range of $3.0 billion to $5.0 billion, but the annual progress was not reach at expecting level due to local corruption and external bureaucratic problem with China. However, the currency of India is â€Å"Indian Rupee† (INR), where 1 dollar is equals to 4 0.55 Indian Rupee, all currencies are in notes and coins, which issued and controlled by the Reserve Bank of India. Despite huge development of this country, the Indian currency has depreciated gradually against the dollar since the 1971; for example, in 1993, the average exchange rate was only Rs31.290 for $1 while this rate was Rs46.590 in 2003. Indian Exports According to the view of Dewett (2005), exporting indicates the promotion and direct sells of locally manufactured products in the foreign market and it is a well-developed and conventional form of strategy to acquiring foreign markets. Therefore, export is the core basis of revenue for the India’s financial system since it generates large amount of money from this sectors, such as, India’s exports totalled $165 billion in 2009 and about $200.9 billion in 2008 (IndexMundi, 2010). Figure 2: – Total Exports from India 2003 to 2009Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Source: – IndexMundi (2010) According to the Library of Congress (2004), major exports items are textile products, finished gems and jewellery, electronics items, iron, steel, chemicals, vehicles, petroleum products, oil, fruits and vegetables, beverages and tobacco, precious stones, machinery, leather, leather goods and so on. Imports to India India has to import very few items such as raw materials for manufacturing and its main imported commodities are– crude oil, precious stones, fertilizer, Specific chemicals Machinery equipment and transport equipment; mineral fuels, lubricants and related materials; Foods as well as Beverages Other luxury products (Library of Congress, 2004); Fiscal Year Total Imports ($billion) Rank 2003 53.80 24 2004 74.15 23 2005 89.33 24 2006 113.10 22 2007 187.90 17 2008 230.00 16 2009 305.50 15 2010 253.90 14 Table 2: – Total imports to India (Year by Year) Source: – Self generated from IndexMundi (201 0) India and its GDP IndexMundi (2010) stated that the economic situation of the country is much more favourable for business than any other countries of the globe because India’s GDP for 2007, 2008, 2009 were $3.113 trillion, $3.344 trillion, and $3.561 trillion gradually. As GDP demonstrates the main economic strength of the country, it is essential to compare the recent data with previous years and after comparing the data, it can say that the GDPO in India has fall but it is still stable position and the following figure shows it more perfectly – Figure 3: India and its GDP for last 10 years Source: IndexMundi (2010) Foreign Direct Investment in India IndexMundi (2009) mentioned that the foreign direct investment in India measured as $161.3 billion at the end of 2009, which was $123.4 billion in 2007. Figure 4: – FDI at India Source: – IndexMundi (2010) On the other hand, India Company’s investment in abroad where they have significant perce ntage of equity is treated Direct Investment Abroad (DIA) of India. Figure 5: – FDI at India at abroad Source: – IndexMundi (2010) Political System Kohli (2001) pointed out that after a two centuries British colonial rule India became independent in 1947 and established a multi party federal democratic system based on secularism and social justice. India the world’s biggest democratic country has evidenced successful balance of power between the central and state government with rich diversity of nations. The major political parties are Congress- that carried out independence, BJP and Left Alliances though there are dozens of regional parties in every state with strong institutional infrastructure. With high religion diversity such as Hindu, Muslim, Buddha, and Christen, Indian political system has ensured human right, freedom of speech, liberty of media, and nourishing scholars to face the challenger of globalisation. Legal and Regulatory Environment India is a budding market and so it endorses Foreign Direct Investments in the nation; therefore, the legal system for firms in India is very flexible and the government tries to afford the highest possible business-friendly environment to new-entrants too. However, it is arguable that commercial legislations regarding labour and environmental concerns are indeed very strong. As per NASSCOM Newsline (2006), India lacks specific laws on privacy and data protection and due to the emergence of IT businesses in the economy, the government is trying to fortify the existing legislations regarding data protection issues including the Indian IT Act, the Indian Contract Act, the Indian Penal Code, and the Indian Copyright Act. Socio-Cultural Environment Many people argues that the impact of socio cultural factors are embracing every perspectives of Indian economy, starting from entrepreneurial behaviour, workforce management, consumer attitudes, to overall corporate environment. The consumer attitude s and their buying behaviour, for example, are widely influenced by their religious backgrounds; according recent studies, the Indian consumers show marked increases in demand for many consumer-goods during periods of religious festivals (like Durga-Puja, Diwali, Eid, Christmas, etc). The following table shows the percentage of the population in to context to religious backgrounds: Religion Percentage Hindu 80.5% Muslim 13.4% Christian 2.3% Sikh 1.9% Buddhist 0.8% Jain 0.4% Zoroastrian 0.01% Other 1.3% Table 4: Religious Background of the Population Source: Self-generated from neoncarrot (2009) Numerous generations and cultures in the workplace have caused alterations in motivations and values affecting personal-preferences; India is a place where managing workforce diversity effectively is the most challenging work to do; on the other hand, according to NASSCOM Newsline (2007), there have been significant improvements and changes in values in India in allowing and appreciating women in workplace. Availability of Resources Natural resources: India’s total cultivable area is 1,269,219 km ², and it has a total water surface area of 314,40 km ² are the main natural resource for the country; in addition, Coal, Iron, steel, oil and natural gas also key natural resources; however, the following figure shows that earning from oil exports – Figure 7: – Oil exports Source: – IndexMundi (2010) Human resources: The human resource of India is one of the key factors of why the country is showing marked trends in economic development. The country has over years emphasized in edifying and training the HR that has resulted in the creation of highly skilled workforces specialising in different sectors of the economy. Concern of Ethics and Social Responsibility The multinational companies operating in India are very much concerned about the imposition of corporate social responsibilities within their organisations in order to ensure that the Indian communities, environment, labours, and other stakeholders does not have any adverse affects by their regular operations. Many large Indian businesses strictly follows their own corporate regulations regarding ethical concern, but, however, as India is still a developing country, the issue of social responsibility is still quite new to the local businesses and many other new-entrants in the market does not comply to the ethical issues at all. Visser (2007) argued that the issue of corporate responsibility is still quite immature in developing countries like India and the large companies operating there more often relates CSR with doing charities and spending on education, health, and games; making an economic contribution is often seen as an effective way for a company to built social reputation. Conclusion As an emerging economy that always promotes, appreciates, and affords the best possible business environment in order to develop the economic conditions, India is indeed an ideal marketplace where any kind of business can have a good prospect. Additionally, the rural areas of the country with its conventional observations have developed over time and it is now growing at two-times quicker rate than urban cities, contributing to 60% of the overall national demand that makes these markets as an attractive place for businesses too. These enhancements of the Indian economy would continue to rise in near future turning it into one of the most promising nations throughout the world. Recommendation India rapidly developed their human resources, as a result it would be a perfect place for business; Excluding corruption and some legal barriers, Indian government is cooperative to help foreign investors; India is the ideal place for trade because of geographic location, business environment and less burden imposed by the government and all legal established products can easily enter in the market of India; The labour cost is comparatively lo wer than other countries, so India is a potential place for business; The rural areas of India are currently contributing more than the urban areas in the economy and the labours in those regions are specially trained for the manufacturing industry. Most importantly, the wage costs in those areas are far lower than the central cities, so setting up the business over there will undoubtedly be more profitable than any other places. Reference List Dewett, K. K. (2005) Modern Economic Theory. 22nd ed. New Delhi: S. Chand Company Ltd. Hamsapriya. (2010) Culture And Business Environment In India. [pdf] Web. IndexMundi (2010) Exports, Import GDP of India. [Online] Available from:  https://www.indexmundi.com/india/exports.html . IndexMundi (2010) India Age structure. [Online] Available from:  https://www.indexmundi.com/india/age_structure.html . IndexMundi (2010) Population of India. [Online] Available from:  https://www.indexmundi.com/india/population.html . Kohli, A. (2001) Succes s of India’s Democracy. 1st ed. UK: Cambridge University Press. Library of Congress (2004) Country Profile: India. [pdf] Available from: https://www.loc.gov/item/96019266/ . NASSCOM Newsline (2006) Regulatory Environment in India. [Online] Available from:  https://www.nasscom.in/ . NASSCOM Newsline (2007) Workforce. [Online] Available from:  https://www.nasscom.in/ . NCAER (2010) Annual Report 2009-10, The National Council of Applied Economic Research (NCAER). [pdf] Available from:  http://www.ncaer.org/index.php . Neoncarrot (2009) All India Quick Ref stats. [Online] Web. Prabhudesai, A. (2010) India Economic Survey 2009 – Analysis and Full Report. [pdf] Available from:  https://trak.in/tags/business/2009/07/03/india-economy-survey-2009-analysis-full-report/ . Visser, W. (2007) Corporate Social Responsibility in Developing Countries. [Online] Available from:  http://www.waynevisser.com/chapters/csr-in-developing-countries . Footnotes 1 Foreign Direct Investm ent This report on The Business Environment of India was written and submitted by user Jordan Jefferson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Preston Tucker essays

Preston Tucker essays Preston Tucker was man who revolutionized car design in the late 1940s, only to have his innovation squelched by the "big three" automakers in a legal battle between him and powerful political lobbies. The movie follows a trend very similar to what may still occur today, when dealing with marketing and mainstreaming an innovation. Tucker faced several hardships that point towards market barriers that need to be identified and analyzed in order to improve the success rate of an innovation. When Tucker began to visualize the conceptual model of his car, concerns of brand loyalty came to mind. The importance of how the consumer perceived his car, led to further progress in the development of his innovation. The flashy appearance and aerodynamic shape appealed to the population as it represented a car of the future. His attempt to advertise the car proved fruitful by the positive response that it received. Tucker faced a more challenging situation when it came to cost advantages. How cost effective would it be to produce the car on a larger scale? Preston Tucker had chosen to initially produce his prototype in a barn and eventually selected the largest warehouse in the nation for his full scale production. His main problem was with the availability of raw materials. Suppliers preferred to stay faithful to the Big Three car manufacturers rather then supply smaller quantities to Tucker. Another hurdle that followed was the capital requirements. Initially fifty thousand dollars was the production cost for each car that Tucker would produce. Keeping in mind that this was the forties for which such a price was more than just expensive. Preston Tucker had no money to front for his prototype and as a result required the financial backing and trust from an investment bank who in turn demanded that someone with a more reputable background in the automotive industry, run the business. This even ...

It is up to you Research Paper Example | Topics and Well Written Essays - 750 words - 1

It is up to you - Research Paper Example Why is this still existing? Are women incompetent or what? This paper aims at explaining the existence of glass ceiling at workplace in our society despite the enormous efforts towards creating equality. There are a lot of reasons why we have few women in leadership roles. First, women don’t devote more of their time to their career. A lot of men spend a considerable time on their careers. This is not the case with women. They are more family oriented than work oriented. A man, in the workplace, always dreams or receiving promotions and rising up ranks of leadership. That is not the case with women. They have family oriented mindsets which rotate around their homeplace issues. Even though a woman may be liking the kind of the leadership role she is serving, she will like to spend some of her time with her family. Women feel happy being near their children and nurturing them up. They always prefer a work/family balance which reduces their time devoted to their careers (Byron, 2005). As an employer, be sure I will prefer men for leadership responsibilities because of their readiness to work for long hours. A leader who shows value for their job is likely to be entrusted with le adership responsibilities. This feature is common with men than women hence the reason behind existence of glass ceiling. Secondly, the issue of less experience due to childbearing and childrearing with women hinder them from acquiring leadership roles. Married women are bound to get pregnant at some point in their lives. Assume that we have a very competent woman who we have just entrusted with leadership responsibilities in our organization. She falls pregnant, and we are forced to grant her maternity leave. In her absence, we need a new leader. We will be forced replace her with a competent individual to lead us. She may take long to return from her leave. Her experience will be limited by her absence in this role. Upon returning, we may not re-instate

Questions Assignment Example | Topics and Well Written Essays - 250 words - 16

Questions - Assignment Example If it were not for the allowance of the comments, the verdict would not be the same in the case. The police would not police violate a suspect’s Fourth Amendment rights against unlawful search and seizure by secretly placing a GPS tracking device on the suspect’s car for an extended time without first securing a warrant to do so. The warrant should be for a good cause and backed by an oath with description of what to be searched. The constitution is not clear on what extend the public nudity scope is. This is the constitutional challenge on this case. In the case of T See City of Erie v. Pap’s A.M., 529 U, the owners of Kandyland should not be held liable since there is constitutional space for debate. This should be an opportunity for setting the debate straight. This is backed by the 5th amendment of the bill of rights, where no person shall be held to answer to infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger (McDams

Shakespeare and Macbeth Essay Example for Free

Shakespeare and Macbeth Essay The age of Shakespeare was a great time in English history. The reign of Queen Elizabeth I (1558-1603) saw England emerge as the leading naval and commercial power of the Western world. European wars brought an influx of continental refugees into England, exposing the Englishman to new cultures. In trade, might, and art, England established an envious preeminence. At this time, London was the heart of England, reflecting all the vibrant qualities of the Elizabethan Age. This atmosphere made London a leading center of culture as well as commerce. Its dramatists and poets were among the leading literary artists of the day. In this heady environment, Shakespeare lived and wrote. London in the 16th century underwent a transformation. Its population grew 400% during the 1500s, swelling to nearly 200,000 people in the city proper and outlying region by the time an immigrant from Stratford came to town. A rising merchant middle class carved out a productive livelihood, and the economy boomed. William Shakespeare was born in Stratford-upon-Avon in Warwickshire and was baptized a few days later on 26 April 1564. His father, John Shakespeare, was a glove maker and wool merchant and his mother, Mary Arden, was the daughter of a well-to-do landowner from Wilmcote, South Warwickshire. It is likely Shakespeare was educated at the local King Edward VI Grammar School in Stratford. At the age of 18, Shakespeare married to the daughter of a local farmer’s daughter, Anne Hathaway on November 28, 1582. After seven years of disappearing from 1585 to 1592, he was eventually mentioned again in a London pamphlet, Shakespeare has made his way to London without his family and is already working in the theatre. As well as belonging to its pool of actors and playwrights, Shakespeare was one of the managing partners of the Lord Chamberlains Company (renamed the Kings Company when James succeeded to the throne). Shakespeare was prolific. His earlier plays were mainly histories and comedies such as Henry VI, Titus Andronicus, A Midsummer Nights Dream, The Merchant of Venice and Richard II. The tragedy, Romeo and Juliet, was also published in this period. By the last years of Elizabeth Is reign Shakespeare was well established as a famous poet and playwright and was called upon to perform several of his plays before the Queen at court. In 1598 the author Francis Meres described Shakespeare as England’s greatest writer in comedy and tragedy. In 1602 Shakespeares continuing success enabled him to move to upmarket Silver Street, near where the Barbican is now situated, and he was living here when he wrote some of his greatest tragedies such as Hamlet, Othello, King Lear and Macbeth. Shakespeare spent the last five years of his life in New Place in Stratford. He died on 23 April 1616 at the age of 52 and was buried in Holy Trinity Church in Stratford. He left his property to the male heirs of his eldest daughter, Susanna. He also bequeathed his second-best bed to his wife. It is not known what significance this gesture had, although the couple had lived primarily apart for 20 years of their marriage. The first collected edition of his works was published in 1623 and is known as the First Folio. Shakespeare Macbeth: The emphasis on the fact that Shakespeare worked for the Lord Chamberlain’s Company (renamed the King’s Company when James succeeded to the throne) is very crucial to the productions of Shakespeare. Although Macbeth wasn’t bad at all, Shakespeare was paid by the King so he was supposed to cheer the King to portray Macbeth as an evil figure. Theatres were booming at that time, but they were certainly tools manipulated by the governors. James 1, the King especially obsessed with witches. These two elements mixing with the distinction between genders converged to one of the most famous tragedies, Macbeth. Witches stood out right in the opening scene of Macbeth, which suggests the exact time setting of the story James 1 time. Although witches are quite entertaining to people now, they were definitely signs of devil back in James1 time. And it was James who made witchcraft illegal. According to law in 1542, â€Å"it was a serious crime to use witchcraft for unlawful purposes†, then in 1563, â€Å"it was a serious crime to invoke evil spirits and to practice magic if somebody is killed†, afterwards in 1604, â€Å"it was a serious crime to consult with, entertain, employ, feed or reward any evil or wicked spirit; magic becomes a crime that is punished by death†. During 16th and 17th century, science wasn’t widely spread, religious was controlling over the people so that they believed in magic and ‘mysterious’ things. That was one of the main reasons why witches were so popular at that time and the rulers were so afraid of them. The first identification of the detailed list James 1 wrote in his book, Daemonologie, was that â€Å"they are mostly old women† which reflects the roles of men and women in Jacobean England. Women were considered to be inferior to men because people still hold the belief that Eve tempted Adam to sin against God by encouraging him to eat the fruit from the Tree of Knowledge. In general, women were governed by the rules and men dominated the society, which made some women stand up to fight against them, including Lady Macbeth. Disobedience was seen as a crime against their religion. The Church firmly believed this and quoted the Bible in order to ensure the continued adherence to this principle. The Scottish protestant leader John Knox wrote: Women in her greatest perfection was made to serve and obey man. To summarize, Shakespeare lived in the most prosperous time of the English history when theatres were booming and his masterpieces were praised by both the governors and the ordinary. References: 1. October 18th, 2013 http://www. elizabethan-era. org. uk/ 2. James 1, Daemonologie (1597) 3. October 17th, 2013 http://www. bbc. co. uk/history/people/william_shakespeare (January 28th, 2013) 4. October 17th, 2013 http://www. bardweb. net/england. html

Affective Gaming Essay -- essays research papers

Shigeru Miyamoto, the father of the Mario and Zelda franchises, tells us that he designs his games around a series of specific emotional experiences. Console manufacturer Sony have christened the PlayStation 2's CPU the ‘emotion engine'. Clearly the gaming community understands the importance of emotion in games, so why do most games offer the player such a shallow emotional play experience? The reason is partly due to the relative immaturity of the games industry. Whereas the film industry has a mature and well developed structure for how the auteur might evoke tears in the eyes of the audience, the digital games industry is still in the process of writing the rule book. With digital gaming being a visual medium, you might expect techniques for eliciting emotion to be transferable across media. Unfortunately, this is often not the case. The film director has complete control over the image appearing on the cinema screen – the camera angle, the sequential order of each scene, and the pacing of a scene. In contrast, the game designer hands control of such things to the player. The player will choose the camera angle best suited to getting Mario across the tight rope, as well as the direction and pace at which the game progresses. Interactive media needs to find their own rules for supporting emotion in games, and they have a couple of neat tricks which set them apart from the competition. Evoking an emotional response in the player The interactive nature of digital games provides new and very different possibilities for eliciting emotions. For example, whereas the movie goer simply watches the narrative world unfold, the game player gets to interacts with it - and each environment has the potential to evoke a different emotional response. For example, a large building with towering marble pillars is generally considered much more imposing and makes people feel smaller and more uncomfortable than a small room with a sofa and a blazing wood-fire. At Glasgow Caledonian University we are currently looking specifically at those environments which are renowned for producing supernatural experiences. By modelling and adapting reputedly haunted places in Edinburgh, UK we have been able to create game environments which evoke ghostlike experience for approximately 60% of people who experience it. Reported experiences include the feeling a ghost breathing on the... ... how to control their avatar. With the arrival of online gaming it is often the case that a player's opponent is not physically present, thus diluting the social experience of multiplayer gaming. However, if the software could determine the player's affective state, an on-screen persona could be adapted to reflect the player's emotional state. 3. AFFECTIVE GAME-MECHANICS Knowing the affective state of the player allows for novel game mechanics based around the player's emotions. An example of such can be found in Zen Warriors, a game currently in pre-development at Glasgow Caledonian University. Zen Warrior is a fighting game where, to perform their finishing move, the player has to switch from fast paced aggression, to a Zen-like state of inner calm. These are exciting times. Games have taken the huge aesthetic leap from two dimensions to three dimensions. The next evolutionary step is for games to elicit deeper and more varied emotion in players. And we are still only writing the first chapter of the rule book. -- Jonathan Sykes Jonathan Sykes currently heads the eMotion Laboratory at Glasgow Caledonian University, where he investigates emotional engagement with technology.

Money Does Not Guarantee Happiness

Firstly, it is true that money doesn’t guarantee happiness. But then what does? In my very own opinion on this no one could exactly tell anything that can guarantee their happiness. Even the often talked about subject of health doesn’t guarantee happiness. I know thousands of people who are healthy yet are unhappy. So why don’t people say health that doesn’t guarantee happiness? Have you ever noticed that most of the sulking, miserable people that you meet in everyday life are rich people? The misery that these people go through is not because they donnot have enough money to by two square meals. It occurs due to the fact that everyone seems to have more expectations from money. Money cannot buy you everything but in the minds of people who give up everything for money, it is difficult to accept that they strove so hard to achieve partial success. I also think for a fact that money goes a long way to make anyone happy. As for me money enables me to buy food for myself and my family, and that makes me happy. Money enables me to buy a house for my family, and that makes me happy. Money enables me to send my children to good schools, and that makes me happy. Money enables me to go to places that I dream about, and that makes me happy. Money enables me to buy some stuff to make my life more comfortable, and that makes me happy. In other words, money goes a long way to help you live a happy life. In fact, the money itself will make you happy. When you are broke, even a dollar will make you very happy. Yes, after a while the effect wears off a little – the eleventh million is just another figure after ten million – but I can assure you that it comes in handy. And having money helps immensely as many of the things that you have to do either costs money or involves money. In short, money is a big part of the solution.