Boones of Business in India by a Foreign National/Company
There are various Boones of Business in India by a Foreign National/Company.
India is blessed with several comparative advantages:
- a burgeoning middle class;
- low labour rates between $0.92 and $1.45 per hour;
- around 80 million people with basic English-speaking ability;
- a 2,000-year history of international commerce;
- abundant sunshine and rain; and
- a million people that facilitate the flow of talent, ideas, technology, business opportunities, investment capital, and reputation between India and the rest of the world.
Indians occupy leadership roles in giant companies, academia, and the professions in the US and Europe.
International Business in India looks really lucrative and every passing day, it is coming up with only more possibilities. 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 neighbouring countries are stabilized. The mind-blowing performance of the stock market in India has gathered all the more attention.
India has shifted its moto from Dridra Narayan (दरिद्र नारायण i.e., The poverty is Devine) to Determine to Win (निश्चय कर जीत करूँ)
Promising Sectors in India
- Software generation
- Semiconductors
- Information Technology and Electronics Hardware
- Telecommunication
- Pharmaceuticals and Biotechnology
- R&D
- Banking, Financial Institutions and Insurance & Pensions
- Capital Market
- Chemicals and Hydrocarbons
- Infrastructure
- Agriculture and Food Processing
- Retailing
- Logistics
- Manufacturing
- Power and Non-conventional Energy
UNTAPED SECTORS
Sectors like Health, Education, Housing, Resource Conservation & Management Group, Water Resources, Environment, Rural Development, Small and Medium Enterprises (SME) and Urban Development are still not tapped properly and thus the huge scope should be exploited.
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