Business Conditions

In: Business and Management

Submitted By sanketgidiya
Words 9602
Pages 39
New Zealand Journal of Asian Studies 8, 1 (June, 2006): 17-40.


In 1991, India’s closed economy opened up and attracted investments from several multinational companies (MNCs) around the world. As a result, people began to seek information about doing business in India, giving rise to a plethora of literature aimed at assisting them. Generally there are two prominent views of India. One is that India is a poor, under-developed country, lacking infrastructure and rife with religious superstitions, corruption and violence. The other is that India has an under-rated affluent and intellectual class, an advanced Information Technology (IT) sector and a rich culture. Neither view is entirely accurate. For those planning to do business in India, it is important that they are well informed of the real, complex situation in order to make calculated investments. Knowledge about doing business in India has to be constantly revised, updated and eradicated of biased or stereotypical views. A symptom of the maturity of this knowledge is recognition that the Indian business environment is amorphous. Conditions vary from state to state, industry to industry and region to region. This paper seeks to examine some aspects of this complexity and suggests how prospective investors could use the knowledge generated. Apart from Ramachandran’s (2000) acknowledgement of India’s segmented marketplace and Kumar & Thacker-Kumar’s (1996) article on Indian bureaucratic levels, few scholars have examined the diverse reality of

Rodney Sebastian ( is a graduate of Curtin University of Technology and is currently an independent scholar; Ashvin Parameswaran ( is a postgraduate student at the Australian…...

Similar Documents

Terms and Conditions

...Domestic Tours | Booking Terms & Conditions DEFINITIONS A. Client means person(s) in whose name or on whose behalf the booking has been made. B.MMT means Make My Trip INC C. Independent Contractors means hotelier/hotel owner, owner of any airlines or shipping company or railway ferryboat owner/operation, coach owner/ operation, or any other person or organization who has been selected to render services to the client. D. Domestic tour / Tour arrangement means a tour operated by MMT which is operated by MMT within India and includes but not limited to brochure tours, special tours, packages, cruise, sight seeing etc. E. Tour Cost means cost of all the services availed by the client for his domestic tour. F. Brochure means catalogue / leaflet / email or any other document containing the details about the itinerary / activities on the domestic tour. G. Infant means a person below the age of 2 years and a child means a person above the age of two and below the age of Twelve years. BROCHURE INFORMATION A. All information given in brochure is based on the information available at the time of publication. MMT reserves the right to change any information contained in the brochure before or after booking the domestic tour due to any event(s) beyond MMT control. B. In case MMT becomes aware of any change before the departure for the domestic tour, MMT will take all reasonable steps to notify the client before the departure for domestic tour. In the event of MMT becoming aware of the......

Words: 3187 - Pages: 13

Business Conditions Ease Despite Confidence Rise

...Business Information Systems Tutorial Week 4 e-BUSINESS Weight 1% In this tutorial session: • Your tutor will randomly ask students to present their answers to some of the “learning outcome” questions to the class. • Your tutor will divide students into groups of 3 to 5. • Your tutor will assign each group with one or more case study questions. (You need to have a printed/hand-written copy of your answers to all questions with you) • Each student in a group needs to present his/her written answers to the group before discussions. • The discussions/debate for each allocated question should lead each group to some collective agreed upon answers. • Your tutor will ask one or more members of your group to present your collective answers to the whole class. • Your tutor will provide you with some feedback. The tutorial assessment each week is generally based on your understanding of the week’s course content, group interaction in discussing your answers, the quality of your collective answers and their presentation to the class. (Note: not everyone could present each week). ASSESSABLE TASK OF THE WEEK The tutorial tasks for this week will help you to develop more understanding of the importance of e-business in decision making. • The due date for providing answers to this week’s tutorial tasks is by the beginning of your tutorial session next week (Make sure to take with you a printed/hand-written......

Words: 795 - Pages: 4

Economic Condition

...There are four factors taken into consideration when calculating GDP: consumption, investment, government spending and net exports. The GDP is a key component in measuring business cycle peaks and troughs. When the economy is at full employment, Total GDP growth of between 2.0% and 2.5% is generally considered to be ideal for the economy. Higher growth than this range tends to lead to accelerating inflation, while lower growth would indicate a weak economy. Despite a good second quarter with a +2.48% increase, the U.S. economy is still recovering at a sluggish pace since the recession of 2008. The past two quarters have been much lower, quarter 1 and quarter 4 of last year have been 1.15% and 0.14%, respectively. As you can see in the graph, there have been some bumps on the way towards recovery since 2008. Businesses are still reluctant to hire and invest, and job creation seems to be topping out at 175,000 per month, keeping Real GDP growth stuck near 2%. Uncertainty involving the Fed’s plans to begin tapering its massive monetary stimulus is one of the major factors that are stunting growth. The Beige Book is composed of anecdotal information on current economic conditions gathered by each Federal Reserve Bank in its district through reports from bank and branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by district and sector. An overall summary of the twelve district......

Words: 3156 - Pages: 13

Term and Condition

...CGP Life in the UK Study and Practice CD-ROM Licence terms and conditions Coordination Group Publications Ltd (“we”) own the copyright trade mark, trade names, patents and other intellectual property rights subsisting in or used in connection with The CGP Life in the UK Study and Practice CD-ROM (“the Product”) including all documentation and manuals and all other copies which you are authorised to make by this Agreement. It is unlawful to use the Product without our licence. We are willing to license the Product to you only on the condition that you have purchased the Product, and you accept all the terms and conditions contained in this Licence Agreement. By using this Product you agree to be bound by the terms of this Agreement and accept that it is provided for your use only. 1. Licence i. In consideration of your agreement to the terms of this Agreement, we grant you a non-exclusive, perpetual licence to use the Product in accordance with clause 2 below. ii. This licence is not transferable and save as contemplated by this Agreement you shall not permit or enable any third party to use the Product on behalf of or for the benefit of any third party in any way whatever. 2. Permitted use and restrictions i. You may use the Product on any computer which is under your control. ii. You may not install or use the Product on the internet, an internal website (intranet) or any form of Virtual Learning Environment (VLE). iii. The Product may...

Words: 893 - Pages: 4

Market Conditions

...Current Market Conditions Competitive Analysis University Principles of Microeconomics Date Professor Current Market Conditions Competitive Analysis Introduction Over the last several years in the United States, there has been such a radical dip in the national economy. Because of this, more and more people and companies are scrambling for any financial scraps they can find. Engineering ways to maximize profits while reducing production costs is essential for both individuals and companies alike. Companies all over the United States are becoming increasingly desperate when it comes to ways to reorganize their company and still deliver a low price for their customers. Companies like Wal-Mart do not have to drastically modify their structure to meet the demands of customers because of they have already become an ensign to others as an example of a successful relationship between company and patrons. This is likely due to the implementation of its own brand name goods and competitive prices. Wal-Mart has one of the most basic business structures in the retail market. The business organization has aided them in becoming one of the most influential businesses in the retail trade. Market Structure In 1962 Sam Walton introduced society to the first discount store; Wal-Mart. Walton could not have imagined that it would become the retail behemoth it has grown into today. One of the reasons for Wal-Mart’s success has to be contributed to the fact that the store......

Words: 2096 - Pages: 9

Terms & Conditions

...TERMS AND CONDITIONS Acceptance of Quotations Bidders must quote on our form. Failure to do so could invalidate your quotation. Quotations shall remain open for acceptance by the Purchaser until the date set forth on the signature page of the Quotation. The lowest or any other Quotation shall not necessarily be accepted and the Purchaser may reject any or all quotations. Quotation Requirements Quotations shall be signed and shall contain all information and data requested in this Request for Quotation. Quotations which are incomplete, conditional or obscure, or which contain additions not called for, erasures, alterations or irregularities of any kind may, at the Purchaser's sole discretion, be rejected. If the Bidder is uncertain as to the proper manner of completing the Quotation, the Purchaser will, upon request, answer any enquiries relating thereto. Quotations shall be irrevocable by the Bidder until the date set forth on the signature page of the quotation. Notwithstanding any industry or trade custom to the contrary, the Purchaser does not represent that it will accept any quotation, accept the lowest quotation, or be precluded from accepting any quotation or other offer. If a quotation is accepted, the Purchaser shall notify the successful Bidder in writing. The Bidder cannot rely upon oral acceptance. Goods and Services Tax Quoted prices shall be stated in Canadian OR U.S. currency and shall include all customs duties, surcharges, insurance......

Words: 691 - Pages: 3

Business Conditions

...Business, socio- economic and cultural environments of India Introduction India has emerged as a potential and a diversified market for the Western firms and other foreign investors. Earlier establishing a business in India was a challenging assignment, but economic reforms, brought in by different Indian governments over a period of time, have smoothen the course of entry for Western multinationals and other business magnets. Still it is considered difficult and a different proposal to do business in or with India, mainly because of its different business and socio- economic culture. Western multinationals/ investors dealing with India so far had to adopt major changes in their business style in order to serve effectively to their customers. This write up examines in detail the prevalent business, socio- economic, and cultural environments that western multinationals have to face in India, as well the implications of their adopted major changes in business practices to succeed in India. Despite revolutionary changes since independence of India, the basic business style has remained the same as of family controlled businesses. Leading business families, from Birlas and Tatas to Reliance, keep total control on business of companies promoted by them. Major management posts in these business houses are always held by responsible family members. Though joint family system is slowly disappearing, but still there is a common tendency in Indian families to own a......

Words: 1276 - Pages: 6

Slavery Conditions accurate is it to describe slave conditions as poor and depressing? For slave conditions to be described as poor and depressing is completely accurate. There are aspects which could make the conditions appear to be more bearable but in no way did it make the conditions anything but poor and depressing. Aspects such as free time and family are elements which slaves may have looked forward to but this was all still under restriction. Conditions slaves were kept in were extremely severe. After slaves were sold they would be transported across the atlantic as if they were goods. It is described as the lowest point for a slave as it is the most horrifying experience. The crew men would happily exploit the women. This in itself is an extremely traumatic experience, but the slaves went through many other things in addition to this. The slaves were kept in the smallest places possible, they were treated more like animals as appose to humans. 500 to 600 slaves would be tightly shackled into holds. The conditions were so severe that the government had to legislate but this make very little change. Ottobah Cugobnna a slave, said that ‘death was more preferable than life’, this alone highlights how extreme the transportation conditions were. After the transportation period the slaves then arrived on their plantations. The conditions they were kept in there were extremely severe too. Different plantations had different conditions of work, some can be said to be less extreme......

Words: 786 - Pages: 4

Terms and Conditions

...MILSCO MANUFACTURING TERMS AND CONDITIONS OF PURCHASE 1. Controlling Provisions. (a) Generally. The terms and conditions of this document, including the provisions on the face of any purchase order in which it is referenced or to which it is attached (the "Contract"), govern the parties' duties, obligations and relationship with respect to the sale by the vendor described herein ("Seller") and the purchase, acceptance and use by Milsco Manufacturing, a unit of Jason Incorporated ("Buyer"), of the goods and/or services described herein (the "Products"). This Contract constitutes an offer by Buyer to buy the Products from Seller in accordance with the terms contained herein. If this document is deemed an acceptance of a prior offer by Seller, such acceptance is limited to the express terms and conditions contained herein. Seller's acceptance of this offer is limited to the terms, covenants and conditions herein. Buyer hereby objects to and rejects any additional, different or varying terms proposed by Seller, except additional warranties by Seller, regardless of whether such terms would materially alter these terms and conditions. Seller's proposal of additional or different terms shall not operate as a rejection of Buyer's terms unless such variances are in the description, quantity, price, or place or date of delivery of the Products, and Buyer's terms shall be deemed accepted without said additional or different terms. THIS CONTRACT CONSTITUTES THE FINAL WRITTEN......

Words: 3939 - Pages: 16

Working Conditions

...supplied by the business is safe and invidual rights are protected as it is required by law to include the ingrdiants on the package to aware the consumer for any harmfull effects that might happen by the consumption of the particular food , however there is still a lot of room left where government can play its part. i am a manager at walmart and from my personal experience there are lot of rules and regualulations are implied by the government when i was hired as a manager i have to pass the federal test for food safety. in order to pass the test i had to learn the temeperatures at which a particular food should be cooked and held besides that in walmart stores all the product in fresh produce area are labeled with either its organic , non-organic along with the country of orgin. the descriptive tags are attached with the shelf to privide information and ingridants that is readily available for the consumer.there are visits in the store by food inspector once a week to make sure the cleanliness and the things are there where they are supposed to be. i think the key to it is how the business implement on the rules and guidlines given by the government when it comes to food areas.the government can make it better by doing more frequent surprise visits and also check the point of origin where the food is coming from. chap 7 stages of citizenship Corporate citizenship professionals are becoming increasingly adept at tying CSR programs to overall business......

Words: 1192 - Pages: 5

Terms and Conditions

...Terms and Conditions Terms of Use This site is offered to you, the shopper, conditioned on your acceptance without modification of the terms, conditions and notices contained herein. Your use of this site constitutes your agreement to all such terms, conditions and notices. This site is powered and operated by WhiteFence ("WhiteFence", "we" or "us"). You must be 18 years of age or older to use this site. Personal and Noncommercial Use Limitation This site is for your personal and noncommercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer or sell any information, software, products or services obtained from this site. You specifically agree not to access (or attempt to access) the content of the site through any automated means (including the use of any script, web crawler, robot, spider, or scraper), and that you will not forge or manipulate identifiers in order to disguise the origin of any access (or attempted access) to the site. Copyright and Trademark Notices All content on this site is copyright protected by WhiteFence (© 2000 - 2011). All rights reserved. Other product and company names mentioned herein may be the trademarks of their respective owners. Liability Disclaimer THE INFORMATION, SOFTWARE, PRODUCTS AND SERVICES PUBLISHED ON THIS SITE MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. CHANGES ARE PERIODICALLY ADDED TO THE INFORMATION HEREIN. WE MAY MAKE......

Words: 1314 - Pages: 6

Economic Conditions

...Economic Conditions- In the early 90’s Russia’s economy underwent a ride through unfamiliar waters. At first it was the collapse of the centrally planned economy that was a stamp of the state-controlled economy and then it was the stand-in by an economy working on the basis of market forces. It was difficult to implement financial reform to raise government revenue and there was a further crisis from dependency on short-term borrowing to help finance budget deficits in 1998. However, the Russians were able to overcome the financial crisis in 1998 and achieve 9 years of growth while implementing economic reform. From 2001-2008, Russia had a budget surplus which stemmed from the stabilization of inflation and exchange rates due to well executed fiscal policy. In 2008 Russia was hit with another economic crisis. This time they were much better prepared. Farms were able to adjust quickly to the new economic conditions, acknowledged the profitable channels to sell their products, restructured the production according to the requirements of the market, and effectively created the processing of agricultural product, selling them through a network of stores in Russia, and trusted wholesale agents at better prices Political- In Russia the powers between the central, regional, and local authorities are still growing.  Its federation is made up of 83 administrative units, in addition to Moscow and St Petersburg.  In 2000 the president at the time Mr. Putin combined the regions......

Words: 400 - Pages: 2

Business Communication - Comment on the Terms and Conditions Placed by the Corporation.

...WE PROVIDE CASE STUDY ANSWERS, ASSIGNMENT SOLUTIONS, PROJECT REPORTS AND THESIS ARAVIND - 09901366442 – 09902787224 Business Communication Questions: 1. Comment on the appropriateness of the sender’s tone to a customer. 2. Point out the old – fashioned phrases and expressions. 3. Rewrite the reply according to the principles of effective writing in business Questions : 1. What is non – verbal communication ? Why do you suppose that this commercial relies primarily on non-verbal communication between a young man and a gorgeous woman ? What types of non – verbal communication are being used in this case ? 2. Would any of the non-verbal communications in this spot (ad) not work well in another culture ? 3. What role does music play in this spot ? Who is the target market ? 4. Is the music at all distracting from the message ? 5. How else are radio stations advertised on TV ? 1. Analyse the reasons for Arvind Pandey’s dilemma. 2. Does Arvind Pandey really face a dilemma ? 3. In your view what should Arvind Pandey do ? Should he disclose it to his German Vice President ? 1. Comment on the terms and conditions placed by the corporation. 2. What factors influenced the computer company’s decision to accept the contract ? 3. Was it a win – win agreement ? Discuss ? 1. Do you find Mr. Sinha’s responses to various questions effective ? Give reasons for your view on each answer given......

Words: 306 - Pages: 2

Business Communication - Comment on the Terms and Conditions Placed by the Corporation

...Need Answer Sheet of this Question paper, contact ARAVIND – 09901366442 – 09902787224 BUSINESS COMMUNICATION CASE I: A Reply Sent to an Erring Customer Dear Sir, Your letter of the 23rd, with a cheque for Rs. 25,000/- on account, is to hand. We note what you say as to the difficulty you experience in collecting your outstanding accounts, but we are compelled to remark that we do not think you are treating us with the consideration we have a right to expect. It is true that small remittances have been forwarded from time to time, but the debit balance against you has been steadily increasing during the past twelve months until it now stands at the considerable total of Rs. 85,000/- Having regard to the many years during which you have been a customer of this house and the, generally speaking, satisfactory character of your account, we are reluctant to resort to harsh measures. We must, however, insist that the existing balance should be cleared off by regular installments of say Rs. 10,000/- per month, the first installment to reach us by the 7th. In the meantime you shall pay cash for all further goods; we are allowing you an extra 3% discount in lieu of credit. We shall be glad to hear from you about this arrangement, as otherwise we shall have no alternative but definitely to close your account and place the matter in other hands. Yours truly. ...

Words: 4005 - Pages: 17

Probation Conditions

...Determining Conditions of Probation CJA/234 June 18, 2009 ABSTRACT Conditions of parole and probation have contributing factors that affect an offender’s post-prison life. The background of the offender is very important when determining conditions of probation and parole. The history of offenses committed by the offender is extremely important. Conditions of parole and probation consist of drug/alcohol treatment, psychiatric evaluation/treatment, anger management treatment, family counseling, job training, housing assistance, and intensive supervision. The conditions recommended help the offender turn his or her life around permanently. In some cases that does not happen when the desire of the offender does not exist. Determining Conditions of Probation Stanley Gravas is married with two children. He recently lost his third child in an accident. The loss of his child sent his family in chaos. Stanley admitted he was a social drinker but when his child died, he started drinking more. Neither he nor his family has dealt with their grief. This is the second DWI. Looking at his case I decided to give Stanley a few conditions in his probation that will not only help him but his family as well. Stanley must attend drug and alcohol treatment which includes attending meetings regularly. He and his family will also attend family counseling to help them with the grief and the damage that Stanley’s drinking has done to all of them. After 90 days he has......

Words: 1598 - Pages: 7

Indigenous peoples of the Americas | First Man openload | Baixar toque para celular