understanding india and its opportunities sudha nair iliades 2012
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Understanding Indiaand its opportunities
Sudha Nair Iliades 2012
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Understanding India and its opportunities
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Understanding India and its opportunities
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Understanding India and its opportunities
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Understanding India and its opportunities
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Understanding India and its opportunities
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Understanding India and its opportunities
India, a strong education base
• English-speaking workforce
• 380 universities
• 1,500 research institutes
• 200,000 new engineers graduating each year
• 300,000 masters graduates per year
• 2 million university graduates
• 9,000 doctors each year
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Understanding India and its opportunities
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Understanding India and its opportunities
India, more economic facts• A steady investment rate of around 30%
• An encouraging savings rate of around 31%.
• A liberal FDI policy permitting up to 100% in most sectors
• FDI up to 51% in retail trade of products of ‘single brand’.
• Customs tariff rates down from 300% in 1990 to 15%.
• Growth of India’s exports at over 25% per annum.
• Including trade in services, India’s engagement with the
global economy is in the region of US$ 350 billion.
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Understanding India and its opportunities
India, consumption opportunities• Growing purchasing power
• Young population: 50% below the age of
25,70% below the age of 36
• Increasingly brand conscious consumers
• Westernization of consumption habits
• A new elite looking for prestige products
• A population that travels more and more
• More organized distribution channels
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Understanding India and its opportunities
According to the Global Competitiveness Report 2010-2011,
•India ranks 4th in the world in terms of market size
•It is the second-most attractive destination for FDI
•In terms of innovation, it is ranked 39th
•It is ranked 17th in terms of financial soundness
India’s competitive edge
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Understanding India and its opportunities
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Understanding India and its opportunities
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Understanding India and its opportunities
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Understanding India and its opportunities
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Understanding India and its opportunities
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Understanding India and its opportunities
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Understanding India and its opportunities
Greece and India
Greek exports to India are:
• Machinery, rubber and plastic products
• Cotton
• Copper, iron and steel products
• Chemicals
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Understanding India and its opportunities
Greece and IndiaIndian exports to Greece are:
• Machinery and instruments,
• Automobile and auto parts, vehicles
• Iron and steel, aluminium, copper
• Dyes and chemicals, antibiotics
• Textiles, Garments, Leather
• Furniture and handicrafts
• Food products incl. sesame seeds,
coffee, cashew nuts and seafood
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Understanding India and its opportunities
Greece and IndiaA fund of goodwill exists for India in Greece because of the following factors :·
•Both are ancient civilizations and cradles of culture
•Both have gone through periods of foreign domination and, having emerged from the same
•From a business perspective, both countries have a strong entrepreneurial spirit and have had trade links for millennia
•Both countries have a strong family tradition and lay a lot of emphasis on forming lasting relationships
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Understanding India and its opportunities
Indian cultural traits• Do not rush the pace of negotiations.
• An aversion to saying no.
• Display a genuine interest in getting to know Indians and their culture and they will accept you without reservations.
• Indians deal favourably with those they know and trust and go by gut feeling and trust rather than statistics, data and presentations
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Understanding India and its opportunities
Keys to success in India
•It is critical to find the right local partner, to vet financials and to conduct proper market research.
• Understanding India’s complexities and paradoxes holds the key to business success.
• Restrictions on trade, poor infrastructure and the pace of business life may appear less efficient, but with a little patience, great profits are possible.