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India - political, economic, and cultural aspects

India - political, economic, and cultural aspects

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India India Presentation Transcript

  • India
  • Political aspects
  • ”Over a period of time, our salvation lies in getting people to move out of agriculture. Services today account for 50% of our GDP.” Source: India's economic agenda: An interview with Manmohan Singh, prime minister. http://www.mckinseyquarterly.com/Economic_Studies/Productivity_Performance/Indias_economic_agenda_An_interview_with_Manmohan_Singh
  • Economic aspects
  • When the British came to India, Great Britain had 1% of the world trade, India had 21%. India and China combined had more than 50% of the world trade. In 1947, when the British left India, India had 1% of the world trade and the UK 21%. Source: http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4414
  • 70% of India’s citizens live in rural isolation, largely disconnected from the benefits of their nation’s fast-paced economic growth. Source: Nurturing entrepreneurship in India’s villages. http://www.mckinseyquarterly.com/Strategy/Globalization/Nurturing_entrepreneurship_in_Indias_villages_2237
  • 124 million households in India cook with wood. Source: http://knowledge.wharton.upenn.edu/article.cfm?articleid=2277
  • Share of population with incomes between $6,000 and $30,000 India Source: http://www2.goldmansachs.com/ideas/global-markets-institute/featured-research/power-of-purse-doc.pdf
  • Average annual growth from 2007 and 5-10 years ahead: 9% growth per year Source: Palaniappan Chidambaram, Finance Minister, India. emagazine.credit-suisse.com, October 1, 2007.
  • Minerals
  • Minerals in India Source http://emagazine.credit- suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278343&lang=DE&WT.mc_id=In%20F ocus,%20March,%2024.03.2010-278305
  • Education
  • ”When I look at countries like South Korea, all children who are of secondary-school-going age are in school; our children drop out even before they complete primary school. Therefore, yesterday, in my address to the nation, I laid a great deal of emphasis toward improving the quality of our education, both at the primary level and the secondary level.” Source: India's economic agenda: An interview with Manmohan Singh, August 16, 2005. http://www.mckinseyquarterly.com/Economic_Studies/Productivity_Performance/Indias_economic_agenda_An_interview_with_Manmohan_Singh
  • Banking
  • ICICI Bank is India's second-largest bank with total assets of Rs. 3,562.28 billion (US$ 77 billion) at December 31, 2009. Source: http://www.icicibank.com/aboutus/about-us.html
  • Energy
  • Estimated invesments between 2007 and 2012 USD billion Source http://emagazine.credit- suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278320&WT.mc_id=In%20Focus,%20Marc h,%2024.03.2010-278305&lang=EN
  • GMR Group Energy and infrastructure company. Headquarter in Bangalore. Source: http://www.gmrgroup.co.in/Corporate/About_Us.html
  • Solar Electric Light Company (SELCO) Serve unelectrified communities in the states of Tamil Nadu and Karnataka through solar lighting. Source: http://www.selco-india.com/
  • Infrastructure
  • The Indian government has a target of building 7,000 kilometres of road a year, about 20 km a day – representing a tenfold increase in the pace of the country’s road development. Mr. Kamal Nath Indian Minister of Road Transport & Highways Source: http://knowledge.insead.edu/infrastructure-development-india-070930.cfm?vid=287
  • ”Airports, port facilities, power stations, telecommunications, road construction, transport facilities, mines, refineries – over the next five years, the Indian government is planning to invest around 320 billion US dollars in infrastructure projects.” Source: emagazine.credit-suisse.com, October 1, 2007.
  • ”We need new strategies to look at urban transportation systems, urban management of solid wastes, new sewerage systems.” Source: India's economic agenda: An interview with Manmohan Singh, August 16, 2005. http://www.mckinseyquarterly.com/Economic_Studies/Productivity_Performance/Indias_economic_agenda_An_interview_with_Manmohan_Singh
  • The Damodar River, for example, has more than 300 coal, iron ore, limestone, and mica mines dotting its banks, all releasing effluents that turn its water into a dank sludge. Another big river, the iconic Yamuna, receives nearly 3 billion liters (800 million gallons) of waste every day from small industries and sewage lines; it is polluted to a level 100,000 times above the standard for safe bathing. Source: http://www.strategy-business.com/article/09305?pg=all
  • Transportation
  • Indian automobile industry Source http://emagazine.credit- suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278343&lang=DE&WT.mc_id=In%20F ocus,%20March,%2024.03.2010-278305
  • Bajaj Auto Hero Group Based in New Delhi. India’s largest 2-wheeler maker. Jet Airways http://www.jetairways.com/ Tata Motors TVS Source: http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4414
  • Source: http://news.bbc.co.uk/1/hi/business/7957671.stm
  • Healthcare
  • Teaching hospital in Ludhiana One of the largest hospitals in north India. 1,200 beds and 26 "super specialties“. Source: http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4414
  • IT and media
  • Indian IT industry Source http://emagazine.credit- suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278343&lang=DE&WT.mc_id=In%20F ocus,%20March,%2024.03.2010-278305
  • India has 62,000 newspapers. 90% of them are in local languages Source: http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4439
  • Internet users Source https://www.cia.gov/library/publications/the-world- factbook/rankorder/2153rank.html?countryName=India&countryCode=in&regionCode=sas&rank=4#in
  • Mobile phone subscribers Source https://www.cia.gov/library/publications/the-world- factbook/rankorder/2151rank.html?countryName=India&countryCode=in&regionCode=sas&ran k=2#in
  • Comat Technologies Provides access to information and services in rural and underserved regions. Bharti Airtel Source: http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4414
  • Film industry
  • Sources http://www.businessweek.com//magazine/content/02_48/art02_48/a48tab37.gif http://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278306&WT.mc_id=In%20Focus,%20March,%2024.03.2010- 278305&lang=EN
  • Jewelry
  • Indian jewelry industry Source http://emagazine.credit- suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278343&lang=DE&WT.mc_id=In%20F ocus,%20March,%2024.03.2010-278305
  • While there are strong city-specific players like Ganjam and C. Krishnaiah Chetty in Bangalore or G.R. Thanga Maligai in Chennai, Tanishq, with sales of US$450 million is the only significant national brand. The jewelry market in India, estimated to be around US$15 billion to US$20 billion, primarily comprises a host of small players. Sources http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4348 http://www.tanishq.co.in/ http://www.titan.co.in/
  • Titan Inds Source: http://titancorp.chutneylabs.com/investors/quotes
  • Textile
  • Indian textile industry Source http://emagazine.credit- suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278343&lang=DE&WT.mc_id=In%20F ocus,%20March,%2024.03.2010-278305
  • Jaipur Rugs gets all the wool from Australia, New Zealand, Argentina and China and blends it with wool from Rajasthan, produces carpets using weavers who are highly distributed - 40,000 of them in five states of India - and then sells all the rugs produced in the United States. Source http://www.wharton.universia.net/index.cfm?fa=viewArticle&id=1799&language=english
  • Other
  • Packaging tubes Subhash Chandra's Essel Group. World’s largest. Optical storage Moser Baer. Second largest in the world. Source: http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4414
  • Cultural aspects
  • Population 1.15 billion people Life expectancy 66 years World ranking: 66 Religions Hindu 81% Muslim 13% Christian 2% Sources https://www.cia.gov/library/publications/the-world-factbook/geos/in.html https://www.cia.gov/library/publications/the-world- factbook/rankorder/2102rank.html?countryName=India&countryCode=in&regionCode=sas&rank=161 #in
  • Source http://emagazine.credit- suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278352&WT.mc_id=In%20Focus,%20M arch,%2024.03.2010-278305&lang=EN
  • Source: http://www.geert-hofstede.com/hofstede_india.shtml
  • High power distance
  • Examples Education Teachers are called gurus and are viewed as the source of all knowledge. Family The patriarch, usually the father, is considered the leader of the family. Work The boss is seen as the source of ultimate responsibility in business. Source http://www.kwintessential.co.uk/resources/global-etiquette/india-country-profile.html
  • Example Within companies manual labour will only be carried out by the peon (roughly equivalent to a runner). It is not uncommon for the moving of a desk to take hours. This is because no-one in the office will carry out the task but the peon. Source: http://www.kwintessential.co.uk/etiquette/doing-business-india.html
  • Reasons for high power distance The influences of Hinduism. The tradition of the caste system. Source http://www.kwintessential.co.uk/resources/global-etiquette/india-country-profile.html
  • Relatively low individualism
  • 5 of the largest business organizations in India are family managed Reliance (managed by Ambani family). Birla. Goenka. Kirloskar. Tata. Source: Culture, Leadership, and organizations - The GLOBE Study, p. 58.
  • Organizational management practices in China, India, and Hong Kong are often based on kinship relationships, i.e. hiring relatives is often the norm rather than the exception – a system used in many large scale enterprises in these countries as well. Large Indian firms practice many of these same behaviours, such as obedience to elders based on deference to the wisdom of experience. Source: Culture, Leadership, and organizations - The GLOBE Study, p. 58.
  • ”In Hinduism, a direct 'no' in conversation is seen as an impolite rejection or potential mental violation” Waseem Hussain, Marwas AG Source http://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=195980&WT.mc_id=In%20Focus%20INT%20-%2020.08.2007-196287&lang=EN
  • India's Aravind Hospitals, for instance, perform 250,000 eye operations a year, doing 60 percent of their work for free. Source http://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=263317&WT.mc_id=In%20Focus%20International%2007.07.2009-264099 =EN