Brief Indian Economic Conditions Essay

922 words - 4 pages

INDEX
Sr.No Title Page No
1. Country Detail 2-3
2. India in brief: Indian Economic Conditions 4
3. Overall business scenario 5
4. Dos and Don’ts with regard to business 6-7

Country Detail
INDIA
The Republic of India is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most heavily populated democracy in the world. surrounded by the Indian Ocean on the south, the Arabian Sea on the south-west and the Bay of Bengal on the south-east, it shares land borders with Pakistan to the west China, Nepal, and Bhutan to the north-east and Burma and Bangladesh to the east.
In the Indian Ocean India is in the vicinity of Sri Lanka and the Maldives; in addition, India's Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.
India is now one of the fastest growing economies in the world with a large skilled workforce. The country has a burgeoning urban middle class and has made great strides in fields such as information technology. However, India's economic growth remains constrained by inadequate infrastructure, bureaucracy, labor market rigidities, and regulatory and foreign investment controls. About 60 percent of the population is still living close to, or below, the poverty line.

Fact File:

Region : Asia
Population : 1,236,344,576
Area Total : 3,287,590 km2
Area Land: 2,973,190 km2
Coast Line: 7,000 km
Capital: New Delhi
Currency: 1 Indian rupee (Rs) = 100 paise
Language: English
Hindi
Bengali
Telugu
Marathi
Tamil
Urdu
Gujarati
Malayalam
Kannada
Oriya
Punjabi
Assamese
Kashmiri
Sindhi
Sanskrit

Source: http://www.countrywatch.com/country_profile.aspx?vcountry=78

India in brief: Indian Economic Conditions

India is successful in achieving its success in producing different basic and capital products after independence. The productivity of Indian industries incorporates aircraft, vessels, automobiles, steam engines, heavy electrical equipment, construction machinery, chemicals, precision equipments, communication instrument, power generation and transmission tools and computers.
India has undergone a shift owing to its competitive stand in the world. The economy is on a robust growth trajectory and boasts of a stable annual growth rate, rising foreign exchange reserves and booming capital markets among others.

The eight core industries of India include
• Coal
• Crude oil
• Natural gas
• Petroleum refinery product
• Fertilizer
• Steel
• Cement
• Electricity
The sectors which registered growth rate of over 5 percent are construction, trade, hotels, transport and communication, financing, insurance, real estate and business services, and community, social and personal services. There may be slow growth in the sectors of agriculture, forestry and fishing (1.8 per cent), manufacturing (1.9 per cent) and...

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