Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Indian economy(international business) - Essay Example

Comments (0) Cite this document
It is expected to maintain that rate in the near future too, which would make it an economic superpower in its own right. While this turnaround in India’s economy is a source of celebration for…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
Indian economy(international business)
Read TextPreview

Extract of sample "Indian economy(international business)"

Indian Economy: The Indian economy has been growing at a phenomenal rate over the last few years. It is expected to maintain that rate in the near future too, which would make it an economic superpower in its own right. While this turnaround in India’s economy is a source of celebration for the world community, there are some genuine reasons for worry as well.
The foremost of the concerns is inflation. The high growth is matched by a high inflation inducing confusion in the minds of consumers. The rising prices of commodities had sapped much of the initial optimism.
The value of the Indian Rupee against the U.S. Dollar is presently unfavorable. The economic boom of the last few years that had created new markets for the disposable wealth of the affluent middle class is also accompanied by high interest rates. Although the government’s decision to increase interest rates is done to balance the welfare of the poor with the economic boom, it is certainly expected to pull back the rate of growth. The growth rate of around eight percent, seen in the last four years, is bound to fall as a result. This prospect has made Indian business leaders a little uncomfortable. While large corporations can overcome this hurdle by borrowing from other countries, the small and medium scale businesses will undoubtedly suffer.
Since the starting of the liberalization and deregulation phase, the country has largely come to depend on private corporations for infrastructure development. The successive governments during the last 15 years have been reluctant to initiate infrastructure projects – as raising taxes would result in unfavorable public opinion. But a country’s economic advancement is inevitable linked to its infrastructure and one cannot manifest without the other. This flaw had already started to expose some limitations. The meager budgetary allocation for highways and railroads had led to a substandard transportation facilities. Government investments in energy, water-treatment and sewage-treatment plants had been disproportionately low. Such a scenario will not lure trans-national companies to set up operations in India as it had done in the past. They may alternatively look east towards countries like China, Taiwan and Philippines that are more advanced in this regard.
India’s English speaking elite have been the backbone behind the recent prosperity. It is to this section of the population that many jobs from the United States and Britain are outsourced. But the standard of education had failed to adapt to the changing needs of the industry. The top educational institutions are lacking in foresight to design courses and curriculum to meet the future demands of the global market place. This situation does not auger well for the future.
While the professional classes benefited from the period of economic bonanza, the overall picture is not so pretty. The percentage of people living below the poverty line had not declined. While consumer’s individual demands are being supplied by the market, their collective needs such as a clean environment and a robust health-care system are not striven towards. The income gap between the most affluent and the down-trodden sections of the society had widened during the last decade. These factors have led to an air of tension and ill-will among the populace.
In some of the above mentioned aspects China and countries in south-east Asia offer better standards. Obviously that will make them the first choice for off-shore projects. Unless the policy makers in New Delhi make necessary changes in the development model and adopt a comprehensive notion of prosperity and well-being, the recent flourish may ultimately prove to be no more than a flash in the pan.
Works Cited:
Harris-White, Barbara, “India Working: Essays on Society and Economy”, Cambridge University Press, 2003.
Das, S.K, Barua A., “Regional Inequalities, Economic Growth and Liberalisation: A Study of the Indian Economy”, Journal of Development Studies, 1996.
Srinivasan, T.N., “Reintegrating India with the World Economy”, Peterson Institute, 2003. Read More
Cite this document
  • APA
  • MLA
(“Indian economy(international business) Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Indian economy(international business) Essay Example | Topics and Well Written Essays - 500 words. Retrieved from
(Indian economy(international Business) Essay Example | Topics and Well Written Essays - 500 Words)
Indian economy(international Business) Essay Example | Topics and Well Written Essays - 500 Words.
“Indian economy(international Business) Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Indian economy(international business)

International business: The economy of China

...?International Business Introduction The company is a UAE-based company started in 1950 as a family tailoring shop. Since then, the company has expanded and currently, it specialises in historic Islamic inventors. an example of this product is cannons that were worn used during Islamic medieval times. The company has a stable market given that it operates in a region where the Islam is the official and the largest state religion. Over the recent years, the company has experienced growth in its production and market share within the United Arab Emirates. The company would like to expand its operations to cover the overseas market, specifically China. The company was prompted to do this because of the increasing Islamic population in China...
5 Pages(1250 words)Assignment

The Indian Economy

...?The Indian Economy Table of Contents The Indian Economy Table of Contents 2 Introduction 3 Thesis ment 3 Critical Analysis 4 Further Developments 7 Conclusion 8 References 9 Introduction Agricultural development accounts for one of main determinants of the growth of the Indian economy. One of the cornerstones in the country’s agricultural development has been the Green Revolution which has been able to transform the country from a food deficient nation to a self sufficient nation (Jain, p.65). The present project brings forth a critical analysis of green revolution in the Indian economy. India was confronted with the worst possible food disasters in 1943 during the British rule. Food production was given a low priority by the British...
8 Pages(2000 words)Essay

Current State of the Indian Economy

...? Indian Economy Supervisor] Introduction This paper is going to conduct an analysis on the economic conditions of India. The reason this paper focuses on India is due to the rapid economic progress the country has made in the past few years. India is one of the emerging economies of the world. The Indian economy encompasses a number of sectors which range from traditional farming to modern day industries (CIA, 2013). India is one of the major exporters of services and components related to the information and technology sector. The country has profited from the advancements made by its citizens in the field of software development (CIA, 2013). GDP, CPI and unemployment rate GDP (Gross Domestic Product): Year GDP in Billions Dollars 1970...
5 Pages(1250 words)Research Paper

International Business - Bicycles and Economy

The era which was about providing a core product to the customer has gone far behind, also the era of providing the actual product has merely ended, and customers now have more willingness to get the augmented product, which means few frills attached services along with the product as well.
Keeping the customer's preferences, likes and dislike, the launch of a cycle would not be that unusual, but the idea is to prepare a plan that could lead to success in various countries. The country selection for the launch of our product is a critical decision, one cannot simply expect to have our product launched in any country and yet it remains a successful launch. Bicycles are common modes of transportations used worldwide specially b...
5 Pages(1250 words)Essay

International business and economy

... customers with the strength and vitality of the Japanese economy, its democratic political system, and its Post World War II tradition of close business ties with U.S. companies, and the stage is set for a phenomenal boost in PM Company's sales driven by the Japanese market. As promising as this market is, there certainly are some cultural obstacles that will need to be overcome when trying to break into this market. Japan, like many other Far Eastern countries, has built a society on the notion of suppressing individualism in favor of the good of the group. That culture has carried over to the business world, where the Japanese will tend to be governed less by individual aspiration than by promoting the success of their companies...
5 Pages(1250 words)Essay

Indian Economy

... the Indian economy to grow. However, if we analyze India's economy potential to grow, we will find that India has been blessed with certain natural factors which have accelerated the India's progress. For example, India has been blessed with a large population. Currently, India's population is near 1.25 billion. As a result of this large population, India has an ample supply of cheap labor. As a result, this has reduced the production costs of the firms operating in India. These firms can produce a commodity at a lower price than other economies and hence gain international competitive advantage. According to an article, export in India has been faster than GDP due to massive influx of FDI or foreign direct investment. FDI occurs when...
4 Pages(1000 words)Research Paper

The Indian Economy

...Two sources of economic growth in India are the demographic situation and Indian governments reforms. A rise in working age population in the near future will create more workers. The government reforms are also another source of growth. From infrastructure to less restrictive trade measures, the government has provided a favorable atmosphere for Indias economy. Both of these measures are helping the economy grow in India. With the right plan, these two sources could make Indias economy boom. The rising working age of India is important for several reasons. This rising working age means more workers in the future. More workers are important, because of the concern about demand increasing over supply. The Economist reports...
2 Pages(500 words)Essay

Pakistan and Indian International Conflict

... Pakistan and Indian International Conflict Pakistan and India both gained independence from the British Empire in 1947 and the first action taken by their governments against each other took place that very year over the issue of Kashmir. Even though more than 60 years have passed since their independence, both countries have not managed to develop to their full potential simply because they are in a state of constant conflict. This fuels their need to have expensive military equipment and to maintain a large number of armed forces which can easily be considered a tremendous burden on their economies (BBC, 2003). As described by CNN (1997) the countries have fought several wars over the disputed region of Kashmir that remains an unsolved...
2 Pages(500 words)Essay

International Business Law: Political Economy

... Topic: International Business Law Q1) Discuss the impact that the current economic downturn has had on international business law. By way of a guide, your answer should include references to at least the following areas: international payments, MNEs, foreign investment, and the WTO (including GATT and GATS). Answer1) A very well industrialized as well as constantly stable economic segment along with an open worldwide business system are the two major mechanisms of affluent financial systems. The elements of business as well as operations are associated in a lot of ways that are not at all times understandable. Additionally, the role off the World Trade Organization along with the association of the element of finance is in all...
11 Pages(2750 words)Assignment

Growth Performance of Indian Economy

This percentage is expected to rise to 70% by 2030 - the largest in the world, according to a report titled Destination India- from the Investment Commission of India.” (Hood).
We all know that for more than a century, the United States has been one of the largest economies in the world. However the past few years showed major development in some countries, and the focus moved to Asian countries like India and China which were progressing very fast.

According to the experts, share in the total world GDP of India will rise from 6% to 11% by the year 2025. The GDP of India rose to 9.0% during the year 2005-06 again to 9.4% in 2006-07. The projection reports say that India will be 60% the size of the US economy...
6 Pages(1500 words)Assignment

Business Ethics in the Case of Timberland-City Year

The purpose of this study is to focus on the ethical considerations and dilemmas faced by the organization Timberland in terms of its coalition to City-Year and the steps that are taken and should be taken for the solution of those ethical issues.

In the merger of the two organizations, Timberland and City Year, there are many ethical considerations. To develop legal business relationships between Timberland and City Year and to consider the stipulations of the required business laws, the following ethical considerations should be deemed:
  • None of City Year’s earnings should be incurred to any private shareholder or an individual.
  • City Year cannot participate in any political campaign or...
6 Pages(1500 words)Case Study

International Security Studies: Examination

Globalization affects international security in the sense that problems involving terrorism, the environment, religious extremism, weapons of mass destruction, and the economic crises have become more universal and widespread in character (Ivanov “Article”). As a result, these issues pose a greater threat to national and international stability and safety. More lives are now affected by threats to international security; these threats did not seem too ominous before the entry of globalization. Consequently, some extremists justify the use of mass weapons of destruction in order to guarantee their security. And as globalization continues to expand and to grow bigger as a phenomenon, threats to international security are...
7 Pages(1750 words)Assignment

Business Information Systems

...Club IT - Part Three of Phoenix BIS 219 Introduction to Business Information Systems Club IT – Part Three _________ _________ DATE ________ Table of Contents Table of Contents 2 Abstract 3 Overview 3 Business background 4 Current Technology Structure of Club IT 5 Problem Assessment 5 Club IT Business Goal and Strategy 6 Assessment of Needs 7 IT Solutions for Club IT 8 Decision Support Systems/ DSS 8 Customer Information System 8 Data Mining for Business Performance 9 Enterprise Resource Planning 10 Supply Chain Management 11 Customer Relationship Management 11 Conclusion 11 Bibliography 12 Abstract Club IT is a nightclub that is currently operating with the traditional technology structure. Club IT nightclub is most popular club in its...
8 Pages(2000 words)Case Study

Business Administration

...Master Business Administration – Pre Admission Essay Please describe your main interests and leisure activities, and any other experiences or involvement that has significantly influenced your career or personal development. 100 Words I was born in India where Cricket is played across the country. I received my inspiration and motivation to play this game after India won the 1983 World Cup Championship. I have played this game representing my school and college in various tournaments. During my leisure time I watch the television. The channels that I generally watch are the sports, movies, and entertainment ones. I also have an interest in the technological gadgets. During my childhood, computers were the only gadgets which influenced me...
6 Pages(1500 words)Essay

Business Plan Real Estate Agency

re representing our company as their business consultants and our responsibilities are limited to the knowledge of the client’s business and information provided by the client.
The company Of-Fit has been operating as office supplies and equipment supplier since 1998. Their corporate office is in Aberdeen and it has excellent industry relations. The company is a sole proprietorship and its owner is Mr. Andrew Schwatz who has been working in the industry for more than 20 years. The company current staff is 8 and its revenues are £115,690 and £156,178 in 2008. The company aims to expand its operations in other business areas and regions of the UK.
The detailed business plan developed for this report incor...
12 Pages(3000 words)Business Plan

The Main Threat to Small Business

When it comes to reliability factor big businesses are able to sustain because of their track record. Big businesses are able to pacify their customers using their past successful track records.
Nowadays most of the business opportunities and orders are posted online. This means that business providers need to be well integrated with supplier systems through online facilities. The infrastructure of the business model needs to be updated. But this is not an easy task for small businesses. E-based procurement is possible only with a well-maintained network on the internet. This requires a lot of financial and technical necessities which could not be supported by small businesses. On the other hand, Big businesses are well equip...
8 Pages(2000 words)Assignment

Globalization and Business Enterprise: Climate Change

Since globalization encompasses political, economical and environmental issues, there has been much debate amongst companies on how resources are to be allocated in order to minimize climate change. Climate change is being dealt with on a global scale. The “Green investing is on the rise”, where investors are buying stocks that are environmentally friendly. New Zealand, like other countries, is supporting the cause for environmental protection by legislative measures in trade, bills regarding carbon emissions and by being part of agreements with the UN and the Kyoto Treaty.

Climate change and globalization are intricately linked. With the passage of time, many environmental issues, like global warming, have...
6 Pages(1500 words)Coursework

Project Management of Beijing Capital International Airport T3 Terminal

Some stakeholders can be both driving (positive) and restraining (negative) forces, it depends on how the project will meet their interests. These forces are marked by a dotted line. If changes happen, and the project won’t meet the interests of some of these stakeholders, a vector of the corresponding force will be changed onto the opposite and the force will move onto the opposite part of the diagram.

Each half of the diagram (left and right) is divided into three parts – Low, Medium and High. It defines the size of a force vector and indicates the importance (power) of a given force. Short forces have a low level of power.

Civil Aviation Administration of China (CAAC) – undoubtedly advanc...
7 Pages(1750 words)Assignment

Economy and Social Activity of The Broken Hill Community

Soon a retail industry was built up and the community began to grow and is considered to be a society with a civic nature (Learning Communities in Education and Training, 2009). The community of Broken Hill can be considered to be highly diverse with a census that was conducted in the area in 1996 showed that out of the then population there were 961 people who came from overseas and a large amount of those was not from an English speaking nation. The large composition of the population in the community at the time was aboriginals or Torres Strait Islanders. Broken Hill thus shows a varying ethnic community and a diverse mindset considering a large proportion of the people are from nations such as Greece, Malta and even Italy (Lea...
6 Pages(1500 words)Case Study

Characteristics of a Mixed Economy

Economic systems are crucial to the progress of a nation for they shape the way a nation’s economy operates. There are three major types of economic systems, namely: A planned economy which operates at the sheer instructions of the Government; Market Economy has complete independence in its operations and is at the disposal of the market forces of demand and supply, Mixed Economy is an amalgamation of features from both the previously mentioned economic systems and therefore has economy operating tools which are shared by the private sector and the public sector, hence it could be regarded as a balanced mixture of the political ideologies of capitalism and socialism (Schlesinger, 1962). A mixed economy is an intricate and co...
6 Pages(1500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Indian economy(international business) for FREE!

Contact Us