Conducting Business in India Essay - 1654 Words

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 â€Å"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 shoul d 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 fro m 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.Show MoreRelatedGlobal Cultural Business Analysis of India771 Words   |  4 PagesGlobal Business Cultural Analysis of India BUSI 604: International Business The nation that I have chosen for this Global Business Cultural Analysis research project is India. 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The concept of ‘sports management’ has already made its presence felt in the west. In the United States and European countries the sporting fraternity warmly accepts it. Sports management is a new and emerging concept in India and has made a good beginning. Indian sports over the year were plagued by lack of professionalism, misuse of power and political influence etc. Of late things are changing with the introduction of professionalism in our sports. Formal courses haveRead MoreDoing Business in India689 Words   |  3 PagesOctober 12, 2009 Doing Business in India The seventh largest country in the world and the second most populated country in the world is located in South Asia. This country is known as India. India consists of different states which speak different languages. Hindi is considered to be the official language by the government. India has different cultural beliefs, values, religions, and politics that allow it to stand out from its neighboring and surrounding countries. India also sets itself on differentRead MoreInformation About Service And Performance Of The Task1262 Words   |  6 PagesFeedback provides the necessary information about service and performance of the task. Feedback from the staff helps the organization in smooth running of business. When the top management know what staff wants. Then only they can provide the customers with good service. RCB believes that it is important to provide staff with general feedback opportunities which is consider to be very important. Feedback from the staff helps the RCB to find out the demographics of such as age and gender which helpRead More2. Concept and Meaning of SEZ India was one of the first in Asia to recognize the effectiveness of1200 Words   |  5 Pages2. Concept and Meaning of SEZ India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investment s in India, the Special Economic Zones (SEZs) Policy was announced