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Economic and business environment analysis in india

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Economic and business environment analysis in India

  1. Demographics: Population, growth rate, distribution of population (age groups), rural vs. urban, cities vs. villages
  2. Per capita income levels, and wealth distribution
  3. Major exports and trading partners
  4. Business environment: Government attitude toward investment and trends, ease of doing business, rules and regulation
  5. Inflation levels, currency exchange rate; risks of currency devaluation versus the Canadian dollar
  6. Education and literacy levels, availability of skilled labour, labour costs
  7. Legal system: Protection of intellectual property rights, enforcement of contracts.

Cultural Dimensions of Doing Business in India

  1. Major religions, ethnic makeup and languages
  2. Major sports, recreation
  3. Major differences in beliefs, values, customs and behaviors, role of family
  4. Unique business customs, etiquette and practices one should be aware of when doing business in that country (time and decision-making, meetings, negotiations, business relationships, dress code, status, gift-giving, etc.
  5. Unique aspects of written, oral and non-verbal communications

Reference no: EM133215336

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