Sureness Example

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.

India is one country which is developing rapidly at the moment along with China (Lal and Clement, 2005). The political, economic, social, cultural, technological and legal climate in India is extremely suitable for international entrepreneurs since business prospects in a country are heavily dependent on the above mentioned parameters. Since India is the second most heavily populated country in the world, British telecommunication company, Vodafone has enormous business opportunities in India. Mobile phone usage in India is increasing rapidly in recent times (Press Information Bureau: Government of India, 2010). A substantial portion of Indian

(firms) have overall – some have invested in foreign countries through FDI - felt that

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 phenomenal change in the international environment in which business is conducted has resulted in increased levels of foreign direct investment by companies from developed countries in lesser developed economies such as the Third World as economic benefits were sought through the globalization of production as well as markets. (Hill 2011, p.5)

Source: : US Bureau of Economic Analysis, U.S. Direct Investment Abroad: Financial and Operating Data for U.S. Multinational Companies in 2009.

Liberalization and industrialization has paved an increasing pressure on organizations in India to change from indigenous, costly, sub-optimal levels of technology to performance based, competitive and higher technology provisions. The response to liberalization has created opportunities for technology upgrading and sophistication, resource mobilization from new sources, highly competitive input/output market, high growth and buoyant environment and HRM issues associated with strategic initiatives of diversification, mergers and acquisitions, restructuring, joint ventures, strategic alliances and for overall internationalization of the economy (Som, 2002). change

The economic policies for international business still have many restrictions. The most common business organization used by foreign investors in India is the locally incorporated company, because other forms such as partnerships are impossible under the Indian law.

The Indian economy is the 12th largest in the world and the third largest in Asia after China and Japan. Of the one billion residents about 320 million have an income that enables them to purchase consumer goods and 25%

Foreign Direct Investment (FDI) improved from 6.5% of the world’s GDP in 1980 to 31.8% in 2006.

India is the second largest market and economy in Asia, after China, and the world’s largest democracy, which gives international businesses the opportunity to invest in the country. India’s economic power and potential presents a strategic option to the global businesses, to step into the country and conduct their business activities. However, politics and the corruption that prevailed in India in the past has hampered with the growth of the country. The decelerated growth rate in

India is a developing country and thus the step at which development occurs would clearly be more than that of the developed countries. India thus is a perfect fruitful soil for any new business to bud up and display. It should be highlighted that when recession interfered as an unwanted guest into the global economy, the Indian economy succeeded in surviving with insignificant minor injuries. India is a nation which has a bright history of wonders to showcase who excelled in the various fields of business. It is never the lack of new business ideas in India which remains as obstructing factor, but the restricted capital. A lot of unique products are there in India which remains in evergreen demand. But the primary

“At the center of economics is the idea that people make purposeful choices with others when they make these choices” (Taylor & Weerapana, 2012). That is what many developing countries are trying, to become world players in the global economy, including India. India being a developing country, it is a nation that has a very low standard of living, an undeveloped industrial base, and low life expectancy rates. The worldwide business is about rate, to turn into a rival in this race for business sector power. A country must be rapid in its generation, item creation, client administration, data, choices, operation cycles, and authority in the country. Without that force of speed, that country will be trailing behind different countries that

The innovation division in India has a noteworthy effect on the Indian economy. The business has developed from US$4 billion in 1998 to more than US$80 billion in 2011, utilizing specifically and by implication more than 10 million individuals. Riding on the administrations outsourcing wave, local and global organizations have utilized India 's worth suggestion to improve their intensity in the worldwide business sector.