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India Snap Shot

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Submitted By pdejuan
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Political and Legal Environment
Independence: 15th August 1947 (British colonial rule)
System: Federal Parliamentary Democratic Republic
Legislature: Bicameral legislature (upper house- states of India; lower house- people of India)
May 2014 Election: Bharatiya Janata Party claimed majority, brought back single party rule.
Trade Agreements: India-Sri Lanka Free Trade Agreement, India-Nepal Trade Treaty, CECA, ASEAN

Political and Legal Environment
Independence: 15th August 1947 (British colonial rule)
System: Federal Parliamentary Democratic Republic
Legislature: Bicameral legislature (upper house- states of India; lower house- people of India)
May 2014 Election: Bharatiya Janata Party claimed majority, brought back single party rule.
Trade Agreements: India-Sri Lanka Free Trade Agreement, India-Nepal Trade Treaty, CECA, ASEAN

Future Political and Economic Agenda * Improving foreign investment climate * Developing a comprehensive WTO strategy * Reforming agriculture, food processing, and small-scale industry * Eliminating red tape (excessive regulation or rigid conformity to formal rules) * Instituting better corporate governance * Accommodating an additional 10 million urban dwellers each year is a strategic policy issue.

Future Political and Economic Agenda * Improving foreign investment climate * Developing a comprehensive WTO strategy * Reforming agriculture, food processing, and small-scale industry * Eliminating red tape (excessive regulation or rigid conformity to formal rules) * Instituting better corporate governance * Accommodating an additional 10 million urban dwellers each year is a strategic policy issue.

Recent Political and Economic Movement * Recasting telecom sector’s regulatory authority and demolishing enjoyed by SOE’s * Privatizing state-owned companies. Government now willing to reduce its take below 51% and give management control to strategic investors. * Signing a trade agreement with the US to lift all quantitative restrictions on imports. * Maintaining momentum in the reform of the petroleum sector. * Planning the opening of domestic long-distance phone services, housing, real estate, and retail trading sectors to foreign direct investment
Recent Political and Economic Movement * Recasting telecom sector’s regulatory authority and demolishing enjoyed by SOE’s * Privatizing state-owned companies. Government now willing to reduce its take below 51% and give management control to strategic investors. * Signing a trade agreement with the US to lift all quantitative restrictions on imports. * Maintaining momentum in the reform of the petroleum sector. * Planning the opening of domestic long-distance phone services, housing, real estate, and retail trading sectors to foreign direct investment
Culture
Business Culture: foreign partners can expect ‘overwhelming hospitality’, “no-Problem” mindset and believe there is a solution to everything, promises are as easily made as abandoned, and the Indian way of doing business is relationship based. Preference to good relationship and common trust before doing business. Once trust is there, relationship will last for a long time.

Culture
Business Culture: foreign partners can expect ‘overwhelming hospitality’, “no-Problem” mindset and believe there is a solution to everything, promises are as easily made as abandoned, and the Indian way of doing business is relationship based. Preference to good relationship and common trust before doing business. Once trust is there, relationship will last for a long time.

Economy
GDP (PPP): $4.761 trillion GDP/Capita (PPP): $3,900 GDP Growth: 4.7% per capita
Foreign Direct Investments: $27.3 billion
Economy Composition per Sector: Agriculture (17.4%), Industry (26.1%), Services (56.5%)
Import: $500.4 billion from China (11%), UAE (7.7%), Saudi Arabia (6.7%), and USA (4.9%)
Export: $298.4 billion to US (12.8%), UAE (12.3%), China (5%), Singapore (5%)

Economy
GDP (PPP): $4.761 trillion GDP/Capita (PPP): $3,900 GDP Growth: 4.7% per capita
Foreign Direct Investments: $27.3 billion
Economy Composition per Sector: Agriculture (17.4%), Industry (26.1%), Services (56.5%)
Import: $500.4 billion from China (11%), UAE (7.7%), Saudi Arabia (6.7%), and USA (4.9%)
Export: $298.4 billion to US (12.8%), UAE (12.3%), China (5%), Singapore (5%)

India
IDV: 48
PDI: 77
UAI: 40
India
IDV: 48
PDI: 77
UAI: 40
Geography & Demographics:
Population: 1,210,193,422 (2nd most populous country)
Life expectancy: 68 years
Language: 23 constitutional recognized languages. Hindi (41%), English (business), Bengali (8.1%)
Literacy: 61% (73.4%-Male; 47.8%-Female)
Internet Users: 19.2% India population/ 8.33% world internet users
Religion: Hindu (80.5%), Muslim (13.4%), Christian (2.3%)
Area: 3,287,263 km2
Urbanization: Urban Population: 30%; rate of urbanization 2.4% annual rate of change (2010-15est.)

Geography & Demographics:
Population: 1,210,193,422 (2nd most populous country)
Life expectancy: 68 years
Language: 23 constitutional recognized languages. Hindi (41%), English (business), Bengali (8.1%)
Literacy: 61% (73.4%-Male; 47.8%-Female)
Internet Users: 19.2% India population/ 8.33% world internet users
Religion: Hindu (80.5%), Muslim (13.4%), Christian (2.3%)
Area: 3,287,263 km2
Urbanization: Urban Population: 30%; rate of urbanization 2.4% annual rate of change (2010-15est.)

Republic of India
Republic of India *Located in South Asia, India supports over 16% of the world’s population and around 2.4% of the world’s land. It is the confluence of many religions and ethnicities, which has shaped the country’s diverse culture.

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