Conducting Business in India Essay

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Conducting Business in India According to the CIA World Fact Book and the World Bank, India’s trillion-dollar economy has been ranked fourth worldwide and is the second most populated country in the world (n.d.). These statistics provide adequate indicators to corporations and aspiring entrepreneurs that India has potential within the world market. Since the reforms of the 1990s, India has embraced the concept of globalization and the open-market. GlobalEDGE (n.d.) identified these reforms to include “increasingly liberal foreign investment and exchange regimes, industrial decontrol, deductions in tariffs and other trade barriers, opening and modernization of the financial sector, significant adjustments in government monetary and…show more content…
The authors claim that women have not achieved equality with men in any country on the globe. India is certainly not an exception. In fact, the culture of India is deeply rooted in the beliefs that women should involve themselves in household rather than business-related activities (Rao, Rao, Ganesh, 2011). The women of India who have broken through the barriers of cultural attitudes and norms are not, however, viewed in a derogatory light in the country as long as they maintain a substantial economic status. According to the authors, women who are economically independent are viewed as free and it is the economic status of a woman, not politics, that determines her freedom (Rao, Rao, Ganesh, 2011). History, dating back to the third millennium B.C., has even been recorded with women in such a high status that Indian men were not allowed to perform some religious and social rituals without the woman. The position of wife was considered a place of honor during some periods in Indian history to the extent that women were actually considered equal to men far more so than they are today. As time passed and India experienced social, economic, and political changes, women were demoted from their places of honor and even from their high status jobs in education and were made to become completely dependent on men (Rao, Rao, Ganesh, 2011). This dependence is the chasm out of which they are yearning to climb and break free.

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