Business Environment 1
Business Environment 1
Business Environment 1
BUSINESS HUB
INTRODUCTION
India is on the threshold of major reforms and is poised to
become the third-largest economy of the world by 2030.
India as a Business Hub Today is showing great potential.
In the words of our Hon’ble Prime Minister, India offers
the 3 'Ds' for business to thrive— democracy, demography
and demand.
Add to that a tech-savvy and educated population, skilled
labour, robust legal and IPR regime, and a strong
commitment to calibrated liberalization — India is a
destination that Foreign investors cannot overlook.
Also many efforts have been made by the center as well as
the states in form of reforms in order to make India a great
Business Hub.
STRENGTHS OF INDIAN ECONOMY
AS A BUSINESS HUB
Mixed Economic System
Agriculture Development
High percentage of cultivate land
Huge pool of labour force- skilled and unskilled
labour
Availability of abundant natural resources
Large domestic market
Rapid growth of IT and BPO
Abundance of natural growth
Third largest reservoir of engineers
Vast Industrial Presence In Both Sectors-Public And
Private
Demographic Dividend
India's Large, English-speaking Workforce Provides
International Competitive Advantages, Because English
Is The Default Global Business Language.
WEAKNESSES OF INDIAN
ECONOMY AS A BUSINESS HUB
Presence of Vast Industrial Sickness
Out-dated labour laws, and presence of too many
political labour and trade union.
Nascent Regulatory systems to check misuse of
market power by firms.
Dependency on Subsidies(SSI – Small scale
industries)
Inadequate and poor quality infrastructure cost and
time delays.
Illiteracy
Stereotypes And Discrimination
Unemployment
Poverty
Terrorism
Eclectic Tax System
Quality of Education
OPPORTUNITIES OF INDIAN
ECONOMY AS A BUSINESS HUB
Rapidly Growing Middle Class in India.
Niti Aayog plans to turn nation into “Blue
Economy”.
Vast opportunities for Infrastructure development.
Vast opportunities for Medical Field Development.
Setting Up Of IFC (Investor Facilitation Cell) to
Help Out with Clearance Of Regulatory Approvals.
Implementation of “Maximum Governance &
Minimum Government” Ideology
Introduction Of Make In India
Implementation Of Skill In India
Increasing Importance to Public-Private-Partnership
Model
Emphasis on Green Field Investment
Development of Industrial Corridor
Industrial Friendly Laws , Rules & Regulation And
Incentive Schemes
Single Window Clearance Method
Investment in R&D, Engineering Design
Increasing Inflow Of Foreign Direct Investment
THREATS OF INDIAN ECONOMY AS A BUSINESS HUB