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Doing business in IndiaA look into talent availability, infrastructure and cultureThe largest democracy in the world, India has shed its image as the exotic land of holy men and breathtaking temples to assert its position as an economic power house.
For a land as diverse as India, it is not possible and also not advisable to formulate a uniform business strategy. For example, the north is more conservative compared to the south, and this affects the participation of women and minorities in the workplace. The northeast is seen as being aloof from the national mainstream. Leaders in the region have in the past accused the central government of not providing them with enough development assistance. Talent availability is also important for business decisions. India has the largest English speaking population in the world; its engineering graduates have a long history of excellence and capacity. Not only the educated professionals, India also has a large pool of experienced day laborers, factory workers and low-level technicians. But the availability is highly variable. In states like Karnataka, Tamil Nadu, and Andhra Pradesh, which have developed as the IT destinations, there is a large population of engineering graduates and technicians. Similarly, in Punjab, which is also known as India's food bank, one can find talents for agriculture, animal science and related fields. About infrastructure, states like Bihar, Orissa, Manipur, and Nagaland are far behind Maharastra, Gujrat, Karnataka, and Kerala. The difference is due to many factors, from regional politics to the central government's policy, and also due to the difference in the economic strength of the states. One cannot conclude the discussion on doing business in India without talking about its culture. The nation's civilization, which dates back 1000 to 2500 years before Christ, has long fascinated the world. Hindu civilization and culture as well as Buddhism were born in India. Islam, Christianity and Judaism have long been associated with India, in fact there is evidence to prove that thousands of Jews came to India after Jesus was crucified. Religion and culture plays an important role in social relations and business in India. Culture also dictates the position of women and minorities in the working world. Doing business in India is an exciting and enriching experience, a little preparation on fine points like culture and religion can add to the experience.
The copyright of the article Doing business in India in International Trade is owned by Bhumika Ghimire. Permission to republish Doing business in India in print or online must be granted by the author in writing.
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