The document discusses international business opportunities in India. It notes that India has high-skilled labor and a growing middle class, making it attractive for business. However, a uniform strategy is not advisable due to cultural diversity across regions. Several sectors like IT, pharmaceuticals, and infrastructure have potential. Bodies like CII and FICCI help foster international ties and make policy recommendations. Overall, international business in India is growing significantly and future prospects are positive.

1. INDIA IN INTERNATIONAL BUSINESSBy, ALIMITA BINTY AIMAN

2. International Business in India I.B in India looks really lucrative and every passing day, it is coming up with only more possibilities.

3. The growth in the international business sector in India is more than 7% annually. There is scope for more improvement if only the relations with the neighboring countries are stabilized. The mind-blowing performance of the stock market in India has gathered all the more attention.

4. India definitely stands as an opportune place to explore business possibilities, with its high-skilled manpower and budding middle class segment.With the diverse cultural setup, it is advisable not to formulate a uniform business strategy in India. Different parts of the country are well-known for its different traits.

5. The eastern part of India is known as the 'Land of the intellectuals', whereas the southern part is known for its 'technology acumen'. On the other hand, the western part is known as the 'commercial-capital of the country', with the northern part being the ‘hub of political power'.

6. With such diversities in all the four segments of the country, IB opportunity in India is surely hugeSectors having potential for International business in India :Information Technology and Electronics Hardware.

7. Telecommunication.

8. Pharmaceuticals and Biotechnology.

9. R&D.

10. Banking, Financial Institutions and Insurance & Pensions.

11. Capital Market.

12. Chemicals and Hydrocarbons.

13. Infrastructure.

14. Agriculture and Food Processing.

15. Retailing.

16. Logistics.

17. Manufacturing.To foster the international business scenario in India, bodies like CII, FICCI and the various Chambers of Commerce, have a host of services like :These bodies work closely with the Government and the different business promotion organizations to infuse more business development in India.

18. They help to build strong relationships with the different international business organizations and the multinational corporations.

19. These bodies help to identify the bilateral business co-operation potential and thereafter make apt policy recommendations to the different overseas Governments.With opportunities huge, the International Business trend in India is mind boggling. India International Business community along with the domestic business community is striving towards a steady path to be the Knowledge Capital of the world.

20. It was evident till a few years back that India had a marginal role in the international affairs. The image was not bright enough to be the cynosure among the shining stars. The credit rating agencies had radically brought down the country's ratings. But, as of now, after liberalization process and the concept of an open economy - international business in India grew manifold. Future definitely has more to offer to the entire world. Emerging Market India:Emerging market is used to evaluate the socio economic scenario of the country in terms of the growth of the market and industrial development. Based on data from 2010 there are 40 emerging markets of which India ranks in the second place.

21. The economies of China and India are considered to be the largest. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion.

22. The ASEAN–China Free Trade Area, launched on January 1, 2010, is the largest regional emerging market in the world.INDIA: India ranks among the well known emerging markets in the global economic scenario. Since the economic liberalization policies were undertaken in the 1990s, emerging market India has really prospered which has helped to boost the Indian economy to a great extent.

23. Factors behind the favorable emerging market in India :The main factors behind this booming emerging market are the economic liberalization and the perfect competition market, the high standard of living and per capita income, the development of medical facilities and infrastructure, the increase in foreign investments and so on.

24. Over the few years, there has been a significant growth of the Indian market which has resulted in the high Gross Domestic Product (GDP). The average annual growth rate ranges between 6 to 7 %. The growth rate of GDP was around 6.7 % during the financial year 2008-09. To boost the emerging market India, the government is also taking some positive steps. The main aim is to increase the growth rate to around 9 %. Due to the favorable emerging market, more and more industries are being set up and the customer base is also increasing. Currently, India is the 4th largest economic system in the world in terms of the purchasing power parity.

25. The recent economic development has also put a positive impact on the various sectors. There has been a significant development in the agricultural, service and industrial sector in the country. Today, to complement the rapid pace of economic growth, the service sector contributes around 54 % of the annual Gross Domestic Product. INDIA’S IMPORT ANDEXPORT !!!

26. INDIA’S CURRENT SCENARIO !!!India’s economic growth has accelerated in recent years, and its share of world trade has expanded. These are welcome developments for the country and, given India’s large share of the world’s population, for the global economy.

27. Yet, despite these recent positive trends, India faces daunting challenges and policy decisions if it is to maintain high economic growth rates, employ its population, and raise incomes across the full range of households, skill levels, sectors, and regions. India remains the largest reservoir of poverty in the world.

28. Its recent high growth has been driven mainly by its modern services sector, which accounts for only a small proportion of overall employment and household incomes. Its agricultural sector is in a deep crisis, whether measured by slow growth rates, persistent rural poverty, or widespread farmer suicides.Top 10 trading partners of IndiaUSA, China, UAE, Saudi Arabia, Singapore and Germany have been the top trading partners of India for the past 3 years. USA was the top trading partner for the last 2 years until China came along.

29. For the fiscal year of 2008-09 China became the top trading partner of India beating the US. India-China trade stands at 1,63,202 crores.

30. China has managed to be India’ top trading partner in spite of the recent ban on various Chinese products (International Mobile Equipment Identity).

31. Overall, India is a net importer. It runs trade surpluses with some countries and huge trade deficits with few countries like China. For the months of April-June 2010 alone India’s trade deficit is at $15,504 million.Top exports to China are Salt, Plastic, Cotton, Ores, Slag and Ash.

32. Top imports from China are Mineral Fuels (mineral Oils, mineral waxes etc), Organic Chemicals, Electrical machinery, Iron and Steel.

33. Top exports to the US are Pearls, articles of iron or steel, apparel and clothing.

34. Top imports from US are Fertilizers, Nuclear reactors, Electrical machinery and Mineral Fuels. Heavy industries is gearing up for the joint ventures with many American and European companies for the nuclear pie which is estimated at $100 bn. With the new nuclear targets set by India this trade will increase.INDIA’S FOREIGN TRADE: August 2010. A. EXPORTSExports during August, 2010 were valued at $ 16,644 million (Rs.77,509 crore) which was 22.5 per cent higher in Dollar terms (18.0 per cent higher in Rupee terms) than during August, 2009.

35. Cumulative value of exports for the period April-August 2010 was $85,273 million (Rs 3,92,811 crore) registering a growth of 28.6 per cent in Dollar terms (21.8 per cent in Rupee terms) over the same period last year.B. IMPORTSImports during August, 2010 were valued at $ 29,679 million (Rs.1,38,211 crore) representing a growth of 32.2 per cent in Dollar terms (27.4 per cent in Rupee terms) than in August, 2009.

36. Cumulative value of imports for the period April-August, 2010 was $ 1,41,894 million (Rs. 6,53,828 crore) registering a growth of 33.1 per cent in Dollar terms (26.2 per cent in Rupee terms) over the same period last year.INDIA AS AEMERGING GLOBAL POWER...INDIA is in a recovery mode from the hugely impacted global financial meltdown surfaced in mid-September 2008. An advance estimate of the Central Statistical Organization indicates to 7.2 percent GDP growth during the current fiscal year (2009-10). The cumulative growth for the period April-December 2009-10 stands at 8.6 percent.