India 's Indian Economy On The Path Of Globalization

As we all know, with the economic development, more and more people have cars. However, it is a common phenomenon

In just 4 years since Volkswagen (VW) set up its India operations, it had captured a 3.6% market share - something

Companies like Tata Motors and similar industries from emerging countries often face many challenges at one phase, but there are various strategies they can use to compensate their disadvantages and rather gain the advantages from the developing markets and have a prospect to become a global force.

Indian automotive industry has witnessed dramatic changes right from liberalisation, 100% FDI through automatic route, steadily rising in national income, steadily rising standard of living, Socio Cultural Revolution of joint families to nuclear families, working couples, change in mind-sets where car was once looked as rare luxury now in some parts of India it is just a necessity, increasing people awareness and they being more

Tata motors limited is the India’s largest automobile company, with the consolidated revenues of INR 2, 62,796 crores in the year of 2014-15. It is the leader in the commercial vehicles in each segment, and among the top in the passenger vehicles with the winning products in the compact, midsize cars and the utility vehicle segments. The Tata motors group has over 60,000 employees are been guided by the mission “to be passionate in anticipating and providing the best vehicle and experience that excite our customer globally. It has been established in the year of 1945, Tata motors presence cuts across the length and the breath of India. Over 8 million Tata vehicles ply on Indian roads, since the first rolled out

In 2002, the Indian government formulated an “Auto Policy” which aims at promoting integrated, phased, and self-sustained growth of the Indian automobile industry.

Many United States products are not sold or distributed in other countries for various reasons such as bans and trade barriers. Amazon, for example, is the largest internet provider for goods and services in the world. But, many of its items are not readily available abroad. In India, the Amazon Dash which is a small device used to order items already pre-selected from Amazon is not available. Since Amazon is a worldwide producer of goods it should ultimately be offered for sale. India has flourished in the past couple of years through their economy and business ethics. Trade is more readily possible and their taxes have lowered due to economic changes in the years 2017-2018. Since their country is rich in culture and vast throughout, business is further possible, and current events have proven that.

Tata motors Indica was the elementary car which was launched in the market beside maruti 800 which was already in the market and competing well in the automobile industry. Maruti 800 had a competitive advantage over the other competitors

Opportunities: The external environment plays directly to Tata Motors advantage. In India the average household earned roughly 4,000 U.S. dollars, and only 38 out of every 1,000 people owned a car. With the poor economic state of India, Tata Motors was able to produce and sell the Nano car for 2,500, giving India an affordable alternative to motorcycles and scooters. Being able to produce a low-priced car is huge for Tata Motors considering the majority of India and China’s adult population do not own a car. Producing the lowest priced car on the market is putting Tata Motors in a position to corner the market in India and China. Also a huge opportunity for Tata Motors is that there are

The economy of India is a creating blended economy. It is the world's 6th biggest economy by ostensible Gross domestic product and the third-biggest by obtaining power equality (PPP). The nation positions 141st in per capita Gross domestic product (ostensible) and 123rd in per capita Gross domestic product (PPP). After 1991 financial progression, India accomplished 6-7% normal Gross domestic product development every year. The long-term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy.

According to the Ministry of Commerce and Industry, the automobile industry in India has seen a tremendous compound growth at the rate of 22 % between the year 1992 and 1997. Furthermore, the annual turnover of the automobile sector in India, in the financial year 2002-2003, is said to have surpassed the capital investment of Rs 50,000 crore. With Indian automobile corporations gaining international market, the turnover in the similar year was calculated to be Rs. 59,518 crore. The Indian automobile industry will be a standout amongst the leading in the globe. Those business accounts to 7. 1 percentage of the country 's horrible down home item (GDP). Likewise around FY 2014-15, around 31 % of little autos sold comprehensively need aid made over India. The two Wheelers section with 81 percentage business sector allotment is the pioneers of the Indian car business owing with a developing white collar class What 's more an adolescent populace. Moreover, the developing investment of the organizations in exploring those provincial business sectors further helped those development of the division. Those Generally speaking passementerie vehicle (PV) section need 13 percentage business stake. India may be also a conspicuous auto exporter and need solid fare growth desires for those close future. Clinched together with April-January 2016, fares of business Vehicles enrolled a Growth from claiming 18. 36 % through April-January 2015.

G7 the group of seven is informal block of highly industrialized democracies. Representing countries with more than 64% of net global wealth e.g. U.S.A, U.K, Japan, Canada, France, Germany and Italy. Previously known as G8, but the suspension of Russia, reduces it to G7 in March 2014 after Russian annexation of Crimea, which led G7 to put sanctions on Russia and condemns its act.

Most recent two decades have seen remarkable development in various circles in India and the nation has tremendously created regarding horrible monetary parameters like GDP, National wage, every capita salary and so forth. The nation has by a long shot created an immense pool of white collar class populace inevitably making it one of the alluring markets of the world. There is change all over the place and measurements of business financial matters have changed definitely with the approach of new open economy clearing path for outside organizations to enter the Indian market. Business guidelines need to transform from the prior protectionism to an open business drove economy. The most unique fragment of Indian industry that has seen wonderful change was car industry as it turned into the most favored center point for the worldwide automakers. The Indian market got to be limp with tremendous rivalry from both indigenous and worldwide giants–result is the client turning into the lord. They have more decisions with appealing costs and fluctuated gimmicks that suit singular inclination. Under these circumstances the organizations need to take a client driven concentrate reliably to press a pie from the wildly aggressive piece of the pie (Vavra, 2001). Client relationship administration or CRM has turned into a key strategy that business has embraced as the absolute most survival methodology under today 's surroundings. Given us a chance to see a few

Caste has always been integral to the Indian social structure. Be it in the historical era or be it in the globalized era, caste has managed not to cease from the Indian society. Though the nature of caste system has changed tremendously, the basic crux remains the same, i.e. the majority of the backward castes/ social groups still remain backward. The globalization era might have an era of positive impact on nations world wide, ironically, it has managed to leave negative impacts too. Similarly, globalization has impacted caste too. It is a phenomenon that has not only led to pauperization but has rapidly increased social inequalities. In this paper, an attempt shall be made to analyze the impact globalization has left on castes. The following section of this paper shall try and reflect on issues like education, employment, poverty etc in context to Dalits in India.

Furthermore, by 1990, 31 institutes to gain their autonomies from licensing sanctions of government, and thus, since it essentially affected importing activities of machinery in manufacturing; licensing clearance; it led one step further for trade liberalization aspects of India. Another important factor that affected India’s augmented performance of importing activities was an increment in agrarian yielding’s and discovery of oil. These two elements led to generate unique places for products such as mechanical equipment that are other than oil- and food-based (Kulke, 1998).