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Pest Analysis

564 words - 2 pages

. PEST AnalysisEconomic environment:The gradual reduction of tariff protection has ensured that prices of most goods in countries like India are closer to global levels or even much lower. The lower prices are much more extensive in the services sector, which accounted for 52.4% of the Indian economy in 2004-05.The use of GDP based on purchasing power parity in the calculation of oil intensity is also validated by the fact that the figures on oil consumption are measured in terms of volumes of input (million tons of oil) while the GDP estimated on the market exchange rate gives only the value of output and not the actual volumes. It is only the GDP estimated on a purchasing power parity basis which gives some indicator so the volume of output which should form the basis of cross country comparisons of output and estimation of oil intensity therein. However, though the oil intensity in India is comparatively much lower than in most other developed and developing countries the negative imp act of high oil prices on the economy is accentuated by the distorted pattern of oil consumption in India.Social Cultural EnvironmentSocial cultural variation in the Indian context, is very important for any company to work in it. The India is basically can be divided into four major regions on the basis of language ,demography and also the income states. These are the south, north, east and west. The HPCL as a company also operates differently in different regions and also use different languages to attract people towards them. This is also, a reason for which the company have their refineries in the south region out of eleven in total.Technological EnvironmentThe company HPCL is very much concern about the environmental polices of it and also very strictly follow...

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