india

India

Politicalaspects

”Over a period of time, our salvation lies in gettingpeople to move out of agriculture.

Services today account for 50% of our GDP.”

Source: India's economic agenda: An interview with Manmohan Singh, prime minister.http://www.mckinseyquarterly.com/Economic_Studies/Productivity_Performance/Indias_economic_agenda_An_interview_with_Manmohan_Singh

Economicaspects

When the British came to India, Great Britain had 1% of the world trade, India had 21%. India and China combined had more than 50% of the world trade.

In 1947, when the British left India, India had 1% of the world trade and the UK 21%.

Source : http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4414

70% of India’s citizens live in rural isolation,largely disconnected from the benefits of their nation’s fast-paced economic growth.

Source : Nurturing entrepreneurship in India’s villages. http://www.mckinseyquarterly.com/Strategy/Globalization/Nurturing_entrepreneurship_in_Indias_villages_2237

124 million households in India cook with wood.

Source : http://knowledge.wharton.upenn.edu/article.cfm?articleid=2277

Share of population with incomes between$6,000 and $30,000

Source :http://www2.goldmansachs.com/ideas/global-markets-institute/featured-research/power-of-purse-doc.pdf

India

Average annual growth from 2007 and 5-10 years ahead:

9% growth per year

Source : Palaniappan Chidambaram, Finance Minister, India.emagazine.credit-suisse.com, October 1, 2007.

Minerals

Sourcehttp://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278343&lang=DE&WT.mc_id=In%20Focus,%20March,%2024.03.2010-278305

Minerals in India

Education

”When I look at countries like South Korea, all childrenwho are of secondary-school-going age are in school; our children drop out even before they completeprimary school.

Therefore, yesterday, in my address to the nation, I laid a great deal of emphasis toward improving the quality of our education , both at the primary level and the secondary level.”

Source: India's economic agenda: An interview with Manmohan Singh, August 16, 2005.http://www.mckinseyquarterly.com/Economic_Studies/Productivity_Performance/Indias_economic_agenda_An_interview_with_Manmohan_Singh

Banking

ICICI Bank is India's second-largest bank with total assets of Rs. 3,562.28 billion (US$ 77 billion) at December 31, 2009.

Source : http://www.icicibank.com/aboutus/about-us.html

Energy

Estimated invesments between 2007 and 2012USD billion

Sourcehttp://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278320&WT.mc_id=In%20Focus,%20March,%2024.03.2010-278305&lang=EN

GMR GroupEnergy and infrastructure company. Headquarter in Bangalore.

Source : http://www.gmrgroup.co.in/Corporate/About_Us.html

Solar Electric Light Company (SELCO)Serve unelectrified communities in the states of Tamil Nadu and Karnataka through solar lighting.

Source : http://www.selco-india.com/

Infrastructure

The Indian government has a target of building 7,000 kilometres of road a year, about 20 km a day– representing a tenfold increase in the pace of the country’s road development.

Mr. Kamal NathIndian Minister of Road Transport & Highways

Source: http://knowledge.insead.edu/infrastructure-development-india-070930.cfm?vid=287

”Airports, port facilities, power stations, telecommunications, road construction, transport facilities, mines, refineries – over the next five years , the Indian government is planning to invest around 320 billion US dollars in infrastructureprojects.”

Source : emagazine.credit-suisse.com, October 1, 2007.

”We need new strategies to look at urban transportation systems, urban management of solid wastes, new sewerage systems.”

Source: India's economic agenda: An interview with Manmohan Singh, August 16, 2005. http://www.mckinseyquarterly.com/Economic_Studies/Productivity_Performance/Indias_economic_agenda_An_interview_with_Manmohan_Singh

The Damodar River , for example, has more than 300 coal, iron ore, limestone, and mica mines dotting its banks, all releasing effluents that turn its water into a dank sludge.

Another big river, the iconic Yamuna , receives nearly 3 billion liters (800 million gallons) of waste every day from small industries and sewage lines; it is polluted to a level 100,000 times above the standard for safe bathing.

Source : http://www.strategy-business.com/article/09305?pg=all

Transportation

Indian automobile industry

Sourcehttp://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278343&lang=DE&WT.mc_id=In%20Focus,%20March,%2024.03.2010-278305

Bajaj Auto

Hero GroupBased in New Delhi.India’s largest 2-wheeler maker.

Jet Airwayshttp://www.jetairways.com/

Tata Motors

TVS

Source : http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4414

Source : http://news.bbc.co.uk/1/hi/business/7957671.stm

Healthcare

Teaching hospital in LudhianaOne of the largest hospitals in north India.1,200 beds and 26 "super specialties“.

Source : http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4414

IT and media

Indian IT industry

Sourcehttp://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278343&lang=DE&WT.mc_id=In%20Focus,%20March,%2024.03.2010-278305

India has 62,000 newspapers. 90% of them are in local languages

Source : http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4439

Internet users

Sourcehttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2153rank.html?countryName=India&countryCode=in&regionCode=sas&rank=4#in

Mobile phone subscribers

Sourcehttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2151rank.html?countryName=India&countryCode=in&regionCode=sas&rank=2#in

Comat TechnologiesProvides access to information and services in rural and underserved regions.

Bharti Airtel

Source : http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4414

Film industry

Sourceshttp://www.businessweek.com//magazine/content/02_48/art02_48/a48tab37.gifhttp://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278306&WT.mc_id=In%20Focus,%20March,%2024.03.2010-278305&lang=EN

Jewelry

Indian jewelry industry

Sourcehttp://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278343&lang=DE&WT.mc_id=In%20Focus,%20March,%2024.03.2010-278305

While there are strong city-specific players like Ganjamand C. Krishnaiah Chetty in Bangalore or G.R. ThangaMaligai in Chennai, Tanishq , with sales of US$450 million is the only significant national brand.

The jewelry market in India, estimated to be around US$15 billion to US$20 billion , primarily comprises a host of small players.

Sourceshttp://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4348http://www.tanishq.co.in/http://www.titan.co.in/

Source : http://titancorp.chutneylabs.com/investors/quotes

Titan Inds

Textile

Indian textile industry

Sourcehttp://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278343&lang=DE&WT.mc_id=In%20Focus,%20March,%2024.03.2010-278305

Jaipur Rugs gets all the wool from Australia, New Zealand, Argentina and China and blends it with wool from Rajasthan, produces carpets using weavers who are highly distributed - 40,000 of them in five states of India -and then sells all the rugs produced in the United States.

Sourcehttp://www.wharton.universia.net/index.cfm?fa=viewArticle&id=1799&language=english

Other

Packaging tubesSubhash Chandra's Essel Group. World’s largest.

Optical storageMoser Baer. Second largest in the world.

Source : http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4414

Culturalaspects

Hindu 81%Muslim 13%

Christian 2%

Religions

66 yearsWorld ranking: 66

Life expectancy

1.15 billion peoplePopulation

Sourceshttps://www.cia.gov/library/publications/the-world-factbook/geos/in.htmlhttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2102rank.html?countryName=India&countryCode=in&regionCode=sas&rank=161#in

Sourcehttp://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=278352&WT.mc_id=In%20Focus,%20March,%2024.03.2010-278305&lang=EN

Source : http://www.geert-hofstede.com/hofstede_india.shtml

Cultural profile

Highpower distance

EducationTeachers are called gurus and are viewed as the source of all knowledge.

FamilyThe patriarch, usually the father, is considered the leader of the family.

WorkThe boss is seen as the source of ultimate responsibility in business.

Sourcehttp://www.kwintessential.co.uk/resources/global-etiquette/india-country-profile.html

Examples

Within companies manual labour will only be carried out by the peon (roughly equivalent to a runner).

It is not uncommon for the moving of a desk to take hours. This is because no-one in the office will carry out the task but the peon.

Source : http://www.kwintessential.co.uk/etiquette/doing-business-india.html

Example

� The influences of Hinduism.

� The tradition of the caste system.

Reasons for high power distance

Sourcehttp://www.kwintessential.co.uk/resources/global-etiquette/india-country-profile.html

Relatively lowindividualism

� Reliance (managed by Ambani family).� Birla.� Goenka.� Kirloskar.� Tata.

Source : Culture, Leadership, and organizations - The GLOBE Study, p. 58.

5 of the largest business organizations in Indiaare family managed

Source : Culture, Leadership, and organizations - The GLOBE Study, p. 58.

Organizational management practices in China, India, and Hong Kong are often based on kinship relationships, i.e. hiring relatives is often the norm rather than the exception – a system used in many large scaleenterprises in these countries as well.

Large Indian firms practice many of these same behaviours, such as obedience to elders based ondeference to the wisdom of experience.

”In Hinduism, a direct 'no' in conversation is seen as an impolite rejection or potential mental violation”

Waseem Hussain, Marwas AG

Sourcehttp://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=195980&WT.mc_id=In%20Focus%20INT%20-%2020.08.2007-196287&lang=EN

India's Aravind Hospitals, for instance, perform 250,000 eye operations a year, doing 60 percent of their work for free.

Sourcehttp://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=263317&WT.mc_id=In%20Focus%20International%2007.07.2009-264099�=EN