Doing business in India

Budhwar, Pawan (2001). Doing business in India. Thunderbird International Business Review, 43 (4), pp. 549-568.

Abstract

On its independence in 1947, India was among the two most industrialized nations in Asia. Since then it adopted a “mixed economy” approach that hindered its national growth and the optimum utilization of its immense resources (both natural and human). To re-establish itself as an economic force in the region, India liberalized its economy in early 1990s. The adoption of the “free market economy” model has created great opportunities for foreign businesses. This article provides useful information on the complex business environment, aimed to help foreign businessmen and investors to develop a good understanding on key background knowledge for being successful in India. It reviews Indian historical development, political structure and climate, international relations, and economy and foreign trade. India's infrastructure, legal framework, socio-cultural set-up, competitive environment, as well as market structure and potential are also analyzed. © 2001 John Wiley & Sons, Inc.

Publication DOI: https://doi.org/10.1002/tie.1013
Divisions: Aston Business School > Work & organisational psychology
Uncontrolled Keywords: India,mixed economy,national growth,resource utilization,liberalization,economy,free market economy,foreign businesses,opprtunities,business environment,Indian historical development,political structure,climate,international relations,foreign trade,infrastructure,legal framework,socio-cultural set-up,competitive environment,market structure,potential
Published Date: 2001-07

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