Doing Business in Today's India

Doing Business in Today's India

Doing Business in Today's India

Doing Business in Today's India

Synopsis

As the world business climate globalizes and national economies become closely interlinked, India looms as the largest country in the world to embrace the market economy. Bullis maintains that not only will India be changed by international market forces, it will have a significant impact upon the world economy as it emerges as a mass consumer market and an extended, low-cost manufacturing center. But India has problems that pose difficulties for offshore investors. Only with a clear idea of Indian business thinking and the relationship of commerce to India's complex mix of traditional, caste, and religious practices can businesspeople from the West gain any real hope of success. This work provides the sort of far-reaching information and advice essential for international businesspeople and for researchers and scholars in the academic community who want to be a part of India's economic future.

Excerpt

India’s nearly 1 billion people are indeed a sixth of all humanity. And, to give one statistic a helpful nudge towards significance with another, India is the fifth largest economy in the world, a quarter of the earth’s urbanized populaces, a third of the world’s people living in democracy, the second largest among the developing economies, and the first massive, complex developing country to successfully transit from a socialist to a market economy without massive help from somebody else. India is a modern industrial state whose ancient roots still condition a collective vision of life in which thousands of years ago were only yesterday, and will shape much of tomorrow as well.

Even though India is among the oldest continuous civilizations, it has a dynamic modern attitude toward business, sophisticated and literate entertainment, a virile and self-examining media, and a legal and accounting system that conforms to global standards. Visitors will feel quite at home in India’s business community, yet will be ever reminded they are in a land of exotic cultures and ideas. There was, and is, much innovation in India, yet India’s roots have much to teach.

India’s history is unique, formidable, powerful. Despite millennia of conquests and colonizations, India has preserved its sense of cultural continuity. It has an uncanny knack for calmly absorbing the useful ideas of the newly arrived while discarding their excess baggage like so many sacks on the heap of history. So deep and yet so resilient are India’s social and religious ideas that practices one sees everywhere are depicted in carvings and paintings more than 3,000 years old. Ideas that came to show

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.