India Economy and Its Prospects Essay

Open, View, and/or
Download this Document

Total Length: 475 words ( 2 double-spaced pages)

Total Sources: 1+

Page 1 of 2

Today, industries that are dominated by human services including it, consulting and pharmaceuticals have low tariffs. For FDI-based strategies to be successful for consumer products, the multinational corporations (MNC) looking to expand into India will need to be much more culturally aware and sensitive than the it outsourcing companies hiring call center agents, programmers and systems analysts. For a consumer products company to succeed they will need to navigate the many laws and regulations of running a business in India, negotiate for lower tariffs to import products, and build a supply chain in India as well. It is attractive for MNCs looking to expand into India using Foreign Direct Investment (FDI) strategies, yet they must concentrate on the cultural sensitivities of the country first, partner closely with the Indian government, and establish supply chains that immediately infuse local economies in India with capital.

Stuck Writing Your "India Economy and Its Prospects" Essay?

View All Our Example India Economy and Its Prospects Essay

Have A Custom Example Essay Written

The Indian government has become more accepting of FDI by consumer companies expanding there, yet there must be a plan to achieve cultural integration and infuse regions with economic growth quickly if these plans are to succeed (Shroff, 2008)......

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"India Economy And Its Prospects" (2008, September 16) Retrieved April 29, 2024, from
https://www.aceyourpaper.com/essays/india-economy-prospects-28119

Latest MLA Format (8th edition)

Copy Reference
"India Economy And Its Prospects" 16 September 2008. Web.29 April. 2024. <
https://www.aceyourpaper.com/essays/india-economy-prospects-28119>

Latest Chicago Format (16th edition)

Copy Reference
"India Economy And Its Prospects", 16 September 2008, Accessed.29 April. 2024,
https://www.aceyourpaper.com/essays/india-economy-prospects-28119
   

Open, View, and/or
Download this Document
order custom essay example