Social And Cultural Factors Of Business In India

As we all know, Canada is a democracy with parliamentary government; Canada has tenth largest economy in the world and Canada is a member of OECD and the G-8; nowadays, Canadians have a satisfying income, a good education and most of whom dominated middle class or higher; Canada is the leading nation in science and technology especially the internet and digital communication. India is a democracy government and the political environment is influenced by government’s policies, politician interest and so on, which means the business environment is affected by the political factors; the economy in India is exceedingly stable due to the industrial reform policies; the social factors of India comprise of a multitude of social trends and changes such as values, languages, belief, demographic features and so on; even though India posses one of biggest IT sectors in the world, most of technology sectors in India is far behind other powerful nations.

India has become a global conduit for business as they have liberalized their economic policies over the past 20 years. Companies are flocking to India because of many factors, including, less expensive labor costs, increasing growth rate, and an abundance of a highly skilled workforce. These factors in addition to other advantages have substantially increased the number of United States businesses looking to grow beyond the U. S borders into the county of India. Dunlop Software Consultant’s goal is to also expand its operations internationally and believes that India has the business environment to meet our goal of expansion globally.

However, this lack of governance is not just seen as disadvantage for India. India is amongst the top 40 nations to have been involved in the highest number of business regulation reforms in the last five years (Innovasjonnorge, n.d.). Reform has eased business operations in India as the mainly concern the introduction of new technology. These technological improvements have led India to be highly industrialised, rather than agriculturally based like in the past. For instance, India is now the world’s biggest manufacturer of small cars (Innovasjonnorge, n.d.).

On the other hand, India has spent a majority of its history as a colony of England. It was not until 1947 that India became an independent nation state, after a grassroots nationalist movement started by Gandhi, and even then they were a one party congress. They are also an interesting case of democracy because of how many unfavorable aspects towards it they had, such as high inequality, many peasants, and many different languages and religions (Lecture). In 1956, India was broken up into states by the States Reorganization Act, that made state lines based on linguistic group. India’s founding leaders mirrored the ideas of America, in balancing states rights with a central government (Sil, 2014). They have also more recently gone through a liberalization of their economy. India is unique in the way that their social hierarchy is constructed because of the fact that they have a caste system. The caste system is a combination of religious practice and community organization that is a part of Hinduism (Sil, 2014). This system was officially demolished in the country, but in the country it is still very prevalent, and the focus on helping those who were in lower castes succeed has made people more aware of the way they institute social policies.

India, with its population of 986.6 million people, is the world's second largest country in terms of population. There are 18 official languages in India and over 900 dialects or closely related languages. Hindi is the most common language used and English, is the second most common. There is a remarkable mosaic of cultural and racial people found in India.

But it is clear that the India’s success came not from home demand but from US demand. Indian engineers have been for years working for US companies, especially in IT sector. With the growth of IT industry, there has been developed a sort of strong “Indian connection” in Silicon Valley. According to Anna Lee Saxenian, an associate professor at the University of California at Berkeley whose research is a study about Silicon Valley’s immigrant, that “of an estimated 2,000 startups in Silicon Valley 40% are Indian-spawned.” [4] The Indian connection in Silicon Valley, the intellectual capital in India and the trend of outsourcing in current global competition altogether bring India a great competitive advantage.

First of all we need to define what the comparative advantage is. One obvious concept is that country’s ressources can

Several growth factors contribute to India’s burgeoning national and global economic presence. Having the largest population of youth on the planet means that India’s workforce is surging, especially in the areas of agriculture and manufacturing. The nation’s growth in production, income, and education leads to a rising middle class consumer base. Finally, the growth of India’s economy is facilitated by political leadership changes and government initiatives that favor an open economy and global competition.

This special reports dives into the changing business world of India. It starts off by describing a big day for India, one where county leaders discussed the fact that business people in their country feel disheartened and the dynastic culture of the entrepreneurs in India. “The world is Flat” by Thomas Friedman is mentioned as he describes India as a “silicon Valet with worse roads and spicier food”. And an idea of a new form of capitalism in India is discussed; stating that Indian capitalism is concentrated and that in the stock market debt levels are low and growth rates are strong. The idea of India’s sense of ownership is mentioned with the evidence that many Indian firms are under family or founder control. India is growing to be

This is the cultural perspective of the people of India. India is part of South Asia. The residents of india live in varying settings including rural and urban. Gender ratio: 123.2 males per 100 females. Median age: 35.8 years. Languages spoken: English, Hindi, Punjabi, Tamil. The top three religions are Hinduism, Catholicism, and Sikhism. (Indian Ethnicity and Background, n.d.) India has a complex caste system based on Hinduism. Hindus believe in reincarnation which is the basis for the caste system. Castes are hierarchical; each caste has a different status in society and access to power. Castes have their own subcultures, dialects and specific deities.

The nation that I have chosen for this Global Business Cultural Analysis research project is India. India has one of the fastest growing and largest economies despite being one of the poorest countries. “India has emerged as the world's third largest economy, in terms of Purchasing Power Parity (PPP), just behind the U.S. and China, according to a report from the World Bank” (Bawaba, 2014). The academic reason in which I chose India is that it is very interesting in how one of the poorest countries in the world has developed to be in the position of third largest economy.

India is a very diverse country. It is located in the Asia continent and holds a population of over 1.2 billion people, making it the second largest populated country of the world. Its languages, religions, traditions and food are just an example of this assortment. The national languages for India are English and Hindi even though, “there are about 22 official languages and nearly 400 living languages spoken in various parts of the country” (Zimmermann, 2013). Throughout history, different types of religions have been practiced in India, today, most of its population practices Hindu. “84 percent — of the population identifies as Hindu” (Zimmermann, 2013). Which is believed to not be a religion, but a way of

Global managers, and especially the Managing Director of JI (India), have to face several challenges. These challenges are not clearly defined and different types of challenges, who typify diverse cultural, political social systems, arise from a complex and dynamic world. “Cross-cultural Leadership”, “Ethical Leadership”, and “ Change Leadership” had been identified as the most relevant ones concerning the case study.

It is the past which shapes what we become in the present. Most of what we do and follow today has been decided in the past which is why we have to understand who we were to become who we have to be. India is one of the few civilizations which has been in existence for more than 5000 years. India is a homogenous culture and it has such strong roots that we have been able to absorb any outside intervention with ease. Be it the Muslim Kings or the Mughals, we have integrated everyone into our culture. “Everybody looks different and dresses differently.

Industries have been a prime focus ever since the country achieved its independence, as industrial development has always been associated with a progressive nation. The legislative history of industrial disputes can be traced from the year 1890. Even though there were acts like Merchant Shipping Act of 1859, Workmen 's Breach of Contract, 1860, the actual development and growth of central legislative measures to govern industrial legislation in India can be examined and studied from Workmen 's Dispute Act, 1860, to the present Industrial Dispute Act, 1947 which is the Act that is being followed right now. In due course of time, the Trade Disputes Act, 1926, came into force, which was subsequently amended in the years 1929, 1932, 1934, and 1937. Since the World War II brought about numerous rapid changes in the whole economic structure and also in the field of industrial relations, the necessity of keeping production at the highest level without interruption and the clamour of the workers to have their share in the abnormal war profits, led the Government to introduce the Defence of India Rules in January 1942 . After the World War II ended, the need of the hour was to bring economic justice and industrial peace in the country by stabilising the economic system. For achieving this purpose, some legislation were brought to life with the main aim of prohibiting unfair labour practices and setting up a fair adjudication system which would be impartial and help with the plight