India 101 | Shekhar Chitnis | Lunch & Learn
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India 101 | Shekhar Chitnis | Lunch & Learn
- 1. India, 101! Introduction to the World’s Largest Democracy UCI- Lunch & Learn! October 23, 2015
- 2. Agenda Introduction & Logistics -- 5 minutes! Today’s Topics -- 30 Minutes! India 101! Q & A -- 15 Minutes
- 3. 3x5 card: Place your name and email to receive a copy of this presentation! Jot questions as they occur to you during the presentation. ! Pass the card to the front during Q&A
- 5. California Lifestyles The world aspires to live like Americans. In their mind, California is America. ! There is no other company comprehensively curating a portfolio of products & services reflecting California! Until NOW ! India is a launch market for California Lifestyles!
- 6. INDIA 101
- 7. To describe India is to be a blind man describing an elephant! ! Depends on Perspective! Large! Slow! Strange! Strong! Smooth
- 8. But, it’s an ! Indian elephant!
- 9. India is many things Chaotic! Colorful! Interesting! Exciting! Growing! Young! Frustrating! Loud! Diverse! Friendly
- 10. India in brief Democratic Republic and is a peace-loving society! 10,000 year Old Civilization! Gained independence from Britain in 1947! Land of great diversity, more heterogeneous than any other country in the world! 26 major languages and 1,650 dialects! Six major religions — Hinduism, Islam, Christian, Sikh, Jain,Buddhism & Judaism
- 11. Government Federal: 29 states and 7 union territories! Legislative: Parliamentary Democracy! Executive: Council of Ministers headed by Prime Minster! Judiciary: Federal Supreme Court, State High Courts, District Courts, Civil/ Criminal Courts, Lok Adalats (Local, People’s Court) and Panchayats
- 12. Geography Spread over 1.27 million square miles,! world’s 7th largest country at ⅓ the size of USA! ! Formed 90 million years ago when the Indian Tectonic Plate hit the Eurasian Plate.(Himalayas form the Northern Boundary) ! ! 13 1/2 hours ahead of the California! (1 zone nationwide)
- 13. People 1.25 Billion People! Unique DNA but multi-racial influence! People Self-identify by Language, Region, Religion or Caste! 35% Urban, 65% Rural!
- 14. Young Population 50% below 25, 65% below 35
- 15. Indian slang for innovation with limited resources Jugaad
- 17. Modern Infrastructure is everywhere, ! but is used very differently “Familar but different”
- 18. The top 5% (about 60 million people) have access to the same things that the developed world does. They also have disposable income. “Not much different”
- 20. Unique Culture Festivals! Clothing! Food! Music! Bollywood! Ayurveda/Yoga! Mathematics! Weddings and Family Values
- 21. And Yet, Westernized English widely spoken! Laws based on British and US legal system! Similar education system (10+2+4 yr format)! Similar capital markets, oldest in Asia! Values, Ethics and Ethos very similar to Judeo- Christian culture
- 23. Finance & banking Financial System — oldest stock market in Asia. Launched in 1875! Over 10,000 Listings! Banking - Over 200 banks regulated by Reserve Bank of India! The largest company has market cap of about $100 Billion, the 100th is $3 billion! Accounting System similar to GAAP, many company reports based on GAAP! Over-regulated, but rapidly deregulating
- 24. Economy GDP — $2.1 trillion (Global Rank: 10th)! PPP Based — $7.4 trillion (GR: 4th)! GDP growth — 7.2%! Currency — Indian Rupee “INR”! Labor Force/GDP Share — 503 million! Agriculture (49%)/18% of GDP! Industry (20%)/24% of GDP! Services (31%)/58% of GDP! Unemployment — 8.6%
- 25. Indian ! Companies Well Established Entrepreneurial Sprit! Trading with the west for several millennia! Well recognized local brands! Well recognized international brands (Nestle, McDonald, Citigroup)! Aggressive, well-capitalized, strong management, acquisitive, and growing rapidly
- 26. Basics Of Business Still Matter Product! Place! Promotion! Price! People! Power! Politics! Parents (uniquely Indian!)
- 27. Opportunities
- 28. Major Areas Of Opportunity Retail! Consumer Goods! Pharmaceuticals! Textiles! Defense! Education! Mining! Information Technology ! Business Process Outsourcing! Research & Development! Engineering!
- 29. India vs. China
- 30. Communist Dictatorship! One Party Rule! Homogeneous majority, small minorities! One Main Local Language! Business Culture is Still Evolving! Cheap High-Volume Manufacturing! High Level of Government Support! Fast Approvals, but Opaque Regulation! Little Software or BPO Capability Capitalistic Democracy! Numerous Political Parties! Heterogenous, large groups of Minorities! Many languages, English is widely understood! Well Established Business Culture! Cheap low-volume manufacturing, but changing! Few government subsidies! Transparent but slow and confusing regulation! World Leader in Software and BPO China Indiavs
- 32. Q & A 3 X 5 Cards (with your email if you want a copy of the presentation)