- Doing Business in India
Doing Business in India
India offers many opportunities for those who are brave enough to take risk and smart enough to avoid pitfalls.
Following are the excerpts about outsourcing to India from the new book “Doing Business in India & Understanding Pitfalls” authored by Subodh Gupta.
India is considered as one of the most attractive retail market in the world now, which at the moment is dominated by unorganized domestic players.
Organised retail, which accounts for $12.4 billion only in year 2006 which is 4.6 % of the $ 270 billion Indian retail sector, is expected to grow at 37 % in 2007 and 42 % in 2008. 42
On the parameter of ease of doing business, India rank at 120th place out of 178 world economy, well below Vietnam 91, Bangladesh 107, Nigeria 108, Nepal 111 and China 83.
Another issue for the retail sector is that this 10 - 12 million consumer of high income group is not located in the small pocket of India but all over India which is as large as Europe so distribution is another issue because country infrastructure is almost bleeding.
for marriages in India takes place at least six months in advance. This is the
time when all the families and friends are invited and gather together. Small
marriage parties can have a gathering of about 200 to 300 people, and big
marriage parties in India can have a gathering of thousands.
Where do Indian people spend most of their life savings?
There are six main areas where Indians (middle income group) spend most of their income & life savings in the following order: