In response to the increasing interest in the growth and developments in the Indian economy, and the dynamic nature of the rapidly changing Indian business environment, this textbook is designed as a comprehensive guide to doing business in the Indian context. Written by academic experts in their respective fields, the book is divided into three parts: the Indian business context, conducting business in India, and India and the world. In addition to the pedagogical features, each chapter contains a set of key issues, and there is also a list of useful websites covering a wide range of business needs. This book introduces students to business in India, and will also be of use to investors, organisations and managers who are already doing business, or intend to, in india.
Whether you're new to India or an “old-hand”, bWise India is your must-have, engaging and reliable business guide, a new source for tips and information on doing business overseas. With bWise India, you’ll get essential insight on: Business Culture and Practices: Work Schedule, Meeting People, Making Contacts, Meetings, Names & Titles, Greetings, Business Cards, Interactions and Gestures, Management Practices, Accountability & Responsibility, Decision-Making, Developing Trust, & Negotiating Conducting Business in a Social Setting: Dining & Drinking, Visiting a Home, Gift Giving, Dress Code, Indian Standard Time, Tipping Local Culture: Geography, Historical Highlights, Government, Economy, People, Values and Social Customs Plus More: Common Hindi phrases, Local Travel Tips, Special Appendix on the major religions in India -- Hinduism, Islam, Buddhism, Jainism and Sikhism. Today, India boasts a sophisticated industrial and manufacturing base, a rapidly expanding service sector, a huge pool of skilled, low-to-moderate-cost workers including professional managers, and an established free-market system. India has capitalized on its large, well-educated, English-speaking workforce to become a major exporter of information technology services and software professionals. Yet this is only one dimension of India’s intriguing one billion plus people. In contrast more than 200 million people still live on less than one dollar per day. It’s this kind of economic and social disparity that still marks the business cultural landscape, which is a reflection of the country’s extremes. To understand today’s Indian business environment, it’s essential to understand the local culture. bWise India is part of Atma Global’s bWise – Business Wisdom Worldwide-- series. Engaging, concise, and informative country, culture, and global business guides for professionals, educators, students, and global enthusiasts. Maximize your success potential and satisfy your curiosity as you learn about countries, cultures, and timely global business topics. Edu-taining Content. Our philosophy is that learning should be enjoyable, engaging and user friendly, regardless of how, where, and when you choose to access it. Useful insight needs more than 140 characters. Our approach is not to “spoon feed” you a bunch of do’s and don’ts, rather we look to give you an in-depth, straightforward perspective of a culture, country or a global business topic so that you can extract the information you need and want. Context. We believe that it’s essential to know about how’s and why’s behind a topic. Whether the attitudes towards work and business interactions, business protocols, or the way people communicate – much has to do with the overall context in which society operates. History, government, politics, geography, and a host of other factors all play into this equation as well. More than just a presentation of facts, our essential learning content provide a reliable, comprehensive proprietary analysis about a business culture or global business topic.
This book records and reviews the business environment in India prior to the initiation of economic reforms in 1991 (for the period 1947 to 1990). It provides a detailed account of policies and measures adopted for industrial liberalization, financial deregulation, and trade openness since 1991. More importantly, it explains various programs and schemes announced and implemented by the Government in recent years to catapult the Indian economy to a higher growth trajectory. Topics covered include: the current state of ease of doing business in India; the business environment in India prior to the initiation of economic reforms; recent governmental programs and scheme; and more.
India is booming! This practical, easy-to-understand guide covers all the basics of setting up and growing your business in India, from choosing a location and selecting your Indian team to understanding the legal system, evaluating business partners, and settling disputes. You also get handy tips in financing, marketing, and manufacturing, as well as doing business from abroad. Develop a strong business plan Train and manage your Indian team Cut through bureaucratic red tape Build lucrative relationships Overcome communication challenges
The aim of this book is to analyze the nature of European and North American firms' business experience in India with a particular emphasis on understanding the causes of their successes and failure. Part of this is due to the fact that although India resembles the West in some ways, the institutional environment is radically different from that of Euro-American societies. Differences in culture, politics, the economy, and business structure all make it difficult for a Western manager to act accordingly. This book strives to offer Western managers the knowledge they will need to succeed in business in India.
India is the fastest-growing trillion dollar economy in the world and poised to be the sixth largest economy in the world, overtaking the UK in 2019. As such, more and more businesses world-wide are looking to do business in this market. However, India’s unique business environment, culture and traditions make it a challenging market for most foreigners. Doing Business in Indiais designed to make anyone exploring, starting or already doing business in India better aware of the cultural and business etiquette’s necessary to succeed in this market. This concise and attractive book is a one-stop guide that aims to shed light on the intricacies and complexities of doing business in India.
Release on 2015-03-02 | by Chandrashekhar Lakshman
A Framework for Strategic Understanding
Author: Chandrashekhar Lakshman
Pubpsher: Chandos Publishing
Category: Business & Economics
A comprehensive look at understanding India with a strategic framework that can be readily used for doing business in this market is needed. Doing Business in India discusses the cultural and consumer profile of the people of India and how these fit into the macroeconomic context. The analytical framework provided and illustrated with real case examples spans domains such as the institutional context of the country (full of voids and amazing peculiarities) and the interesting federalist political framework in a country with many states. Based on this foundation, the book introduces the business strategies appropriate for both rural and urban markets in India. The following chapters cover the successful implementation of these strategies in India. The remaining chapters focus on successful cross-cultural management of Indian managers and employees, the appropriate types of leadership required for managing the Indian workforce, the types of managerial control systems likely to be successful in this country, and the HRM practices that can help companies to win in this market. Offers a unique and exclusive focus on India Focus on political particularities in India crucial for understanding success models Explores the overall strategic framework for better strategy formulation in context Focus on strategy implementation issues (leadership, HRM, organizational systems) Includes cases not found in other sources
Foreign direct investment (FDI) is a strategic instrument of development policy in India. It is envisaged to play an important role in the long-term economic development of the country by augmenting availability of capital, enhancing competitiveness of the domestic economy through transfer of technology, strengthening infrastructure, raising productivity, generating new employment opportunities and boosting exports. Since the economic liberalisation policy initiated in 1991, the Government of India has taken several measures to encourage FDI in almost all sectors of the economy. However, the emphasis has been on inflows in the development of infrastructure and technological upgradation of industry. With a vast reservoir of skilled and cost-effective manpower, India is now recognized as one of the most attractive investment destinations by reputed international rating organisations. Under the current policy regime, there are three broad entry options for foreign direct investors: (a) in a few sectors, FDI is not permitted, (b) in another small category of sectors, foreign investment is permitted only till a specified level of foreign equity participation and (c) in all other sectors, foreign investment up to 100 percent of equity participation is allowed. In the World Bank's Doing Business Report, 2015, India was placed at 142 among 189 countries in terms of ease of doing business. India ranked even below Pakistan which occupied 128th rank and much below China which secured 90th rank. Encouragingly, India was ranked at 130 in the 2017 Report and at 100 and 77 in the 2018 and 2019 Reports respectively. Presently, it is the highest-ranked South Asian country. The present book deals with almost all aspects of FDI in India. It particularly focuses on current policies, conditions and procedures for FDI inflows into India. It also records and reviews current policies and programmes to improve business environment in India.
The India Briefing Guide to Doing Business in India introduces one of the fastest growing economies in the world. The guide provides a thorough overview of India’s key demographics and business opportunities and infrastructure by region. Also included is information on FDI trends, business establishment procedures, economic zones and labor and tax considerations, analysis of Indian business etiquette and culture, and details of procedural, operational and tax differences between India and its economic and geographical neighbor, China. India Briefing’s guides are leaders in their field, providing practical business insights to foreign investors in India.