Doing Business In Today S India

Concise, accessible, and indispensible, Doing Business in 21st-Century India is the perfect primer for anyone who's long on enterprise, short on time, and eager to profit from this fascinating new market. By now, you probably know that India has the second-fastest growing economy in the world. That the spending power of its middle class is rapidly increasing and its population is eager to acquire Western conveniences. And that new opportunities abound in its many emerging sectors. But buyer (or seller) beware -- India is not simply "the new China." Important cultural differences and other hurdles can make for a challenging business landscape for Westerners. Fortunately, longtime global sourcing and marketing expert Gunjan Bagla now delivers the vital advice you need. Doing Business in 21st-Century India will show you how to make inroads into and thrive in this developing region: An overview and analysis of India's most promising industries The Six C's of Sales and Marketing in India Essential tips on attracting and retaining top talent An overview of finance in the region that every investor will want to read Modern history 101--the essentials you need to know Insider perspective from top veteran professionals in the region Guidance on its often complex, laws, rules, and regulations.

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. Bullis asserts that Indian businesspeople are far more knowledgeable about international markets than most international businesspeople are about India. Yet, India's long period of socialist dormancy produced very different concepts of management, employee relations, the role of competition, marketing, finance, and business-government relations. All these factors will play critical roles in the success or failure of investment plans formulated outside India's borders. Moreover, Indian people have a more diverse and compartmentalized culture than any other people, posing a marketing challenge (and challenges of other kinds) that outsiders may be ill-equipped to handle. Bullis's descriptions and analyses of the Indian economy, social structure, history, and business practices will provide the kind of understandings that Westerners need to enter the Indian market and compete successfully.

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 to provide a comprehensive guide to doing business in the Indian context. Written by academic experts in their respective fields, this book is divided into three parts: the Indian business context, conducting business in India, and India and the world. Key information is presented on a wide range of topics, including: Both the shortcomings and opportunities associated with the Indian business environment The economic development model in India Critical skills for negotiation and incentives for foreign investors, including case studies of Italian companies that have entered the Indian market in different ways Business culture in India, including particular customs and etiquette 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 be also be of use to investors, organisations and managers who are already doing business, or intend to start one, in India.

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 has the second-fastest-growing economy in the world. The spending of its middle class is rapidly increasing and its population is eager to acquire Western conveniences. This book shows you how to make inroads into and thrive in this developing region with information that includes: An overview and analysis of India¿s most promising industries; The Six Cs of Sales and Marketing in India; Essential tips on attracting and retaining top talent; An overview of finance in the region that every investor will want to read; Modern Indian history 101; Insider perspectives from top veteran professionals in the region; and Guidance on India¿s often complex laws, rules and regulations. ¿Required reading for anyone who wants or has business in India.¿

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 and its market are highly complex and even the native people face challenges in understanding it; leave aside the foreigners. India is a highly heterogeneous country with marked differences in everything, including business. It is quite usual for people to get perplexed and puzzled by the diversity of India and the variations existing in its market. A proper understanding of the history, culture, and society of a country is a pre-requisite for achieving success in doing business in that country. This book provides you with a broad overview of India and the Indian market with a lot of on-ground practical information. This book is meant for entrepreneurs and Small & Medium Enterprises (SMEs) who want to do business in India. It will be of great use to the foreign entrepreneurs and SMEs who want to do business in India and also the Indian entrepreneurs and SMEs who want to expand to the national level from the local or regional level. This book will also be of interest to those who have good local or regional knowledge about India but want to know more about India at the national level. They will discover some lesser-known aspects of the Indian market and will come to know about many new things which they never knew about India. This is among the best times to do business in India. Opportunities and possibilities exist in all areas and transitions are taking place fast. It’s high time that foreign as well as Indian entrepreneurs and SMEs explore this vast country and its market. The only requirement is to appreciate the uniqueness existing in the Indian market and act accordingly. About the Author: Dr. Prateek Jain is a Management and Strategy Professional with a work experience of more than 23 years. He has done his PhD from IIT Delhi, MBA from IIM Lucknow and BE from Mangalore University. He runs his own Consulting and Training organization, which works in the area of entrepreneurship and Small & Medium Enterprises (SMEs). Among other activities, his organization also facilitates business relations between Indian and foreign entrepreneurs and SMEs, and works with them with regards to India and do their hand-holding in the Indian market. He is based at Noida (Delhi NCR).

I might be biased when I say this, but I do believe it – India is the most interesting and fascinating country in the world. At the same time, it is also the most complex. In the beginning of my time in India, I misunderstood many things, misjudged many people and underestimated many ways of doing business. During my years in India, I have learned, adapted and changed. This book is about sharing these learnings and experiences with readers. The typical reader is either the westerner who has lived and worked in India or has worked with Indians or is curious about India as a market. Or it is the Indian who wants to understand how westerners think or work in the Indian context. This book answers many of the questions that are of fundamental importance if one wants to excel or succeed in India. Had I had answers to these kinds of questions, my own runway would have been much shorter in the beginning of my India-journey.