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India- Socio- Cultural Variables - Essay Example

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India is also known as Bharat and Hindustan in Hindi, the national language. India offers a rich variety of cultural heritage within the country. Though officially Hindi is the national language of the nation but there are thousands of local/ regional languages as well…
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India- Socio- Cultural Variables
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Download file to see previous pages During the last century while the world's population grew three fold, India population grew four fold. This increase could have been much more if the government of India had not adopted population control measures for the last three decades. Spread over an area of around 3.3 million square kilometers, it is the seventh largest country in the world. India is the world's largest democracy with a population nearly four times that of the United States. Indian government has adopted the British Parliamentary system with valuable inputs from USA and European governments.
Population density is an indication of population concentration. It is defined as the number of persons per square kilometer. Official census figures of government of India indicate that the population density of India in 2001 was 324 persons per square kilometer, which indicates that now 57 more people live in a square kilometer area in the country than the number that lived a decade ago. In 1901 the density of India was as low as 77 and this steadily increased from to reach 324 in 2001. The cause of worry for the Indian government is that this increase is not matched equally by the increase in healthy food, diet and other resources. Per capita income in India is approx. INR 12500 i.e. approx. $290. Contrast this with the per capita income of US, which is more than $40000, while US population is less than one fourth of India. Such disturbing figures give rise to discontentment amongst the masses. If we look towards India as a market, it is indeed a very attractive market. Because, market needs customers - the more the merrier. Of late this market of more than a Billion people has been attracting MNCs in good numbers. If per capita income is less here then cost of production is also less so goods and services are priced accordingly. Indian government is also in the facilitating mode to Investments from abroad. Therefore from the investment point of view I'd give it 7 out of 10.

Age Profile and Employment Scenario:
Though official poverty figures have been coming down sharply e.g. the figures indicate that poverty ratio came down from 36% in 1993-94 to 26% in 1999-2000, yet a large number of educated youth remain unemployed. The population of India is estimated to be 1.4 billion (1,400 million) by the year 2025, and youth will form the majority of the population. With this problem in sight, the tenth five-year plan targets that gainful and high-quality employment will be provided to the majority. Unlike some of its neighbors, education level in India has been quite good. Engineering and Management graduates from Indian Institutions have left their mark in many international companies. The Pentium chip of Intel had the brain of an Indian. Majority of the H1B visa holders in USA are from India. The recent trend of outsourcing ITES towards Indian subcontinent is the testimony for the education level and technical capability of Indian youth. From an Investment point of view, I feel Indian youth will prove very helpful. I'll give 9 points out of 10.

Entrepreneurship culture
Historically, India is not much known as the nation of venture capitalists. Indians preferred to play safe. But the IT bug seems to have converted them into venture capitalists as well. For example, Hotmail was the brainchild of a 25 year old Indian youth Sabeer Bhatia. He made billions by selling it to ...Download file to see next pagesRead More
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