Académique Documents
Professionnel Documents
Culture Documents
In a Hindu dominated nation, a Muslim hold the post of President & a Sikh hold the post of Prime Minister
Total Area (Sq km) Growth Rate - Industrial (2004-05) - Construction - Export (2004-05) - Import (2004-05) Export (2004-05) Import (2004-05) External Debt (2004-05)
2,973,190.00
9.0 % 10.8%
Major Exports
Engineering Goods, Gems And Jewellery, Textiles & Clothing,
Agro Products,
Chemicals, Ores And Minerals, Petrol And Products. Machinery, Petroleum And Petroleum Products, Chemicals, Telecommunications Equipment, Computer Equipment,
Major Imports
Crude Oil, Pearls And Precious Stones, Gold, Electronic Goods, Chemicals, Machinery and transportation equipment, petroleum and petroleum products, crude materials, foodstuffs, tobacco, textiles,
Basis
Indian Culture
Western Culture Believe in hard work & efforts Believe in Materialism clothes the in
Belief in Faith & Strong believers Luck Belief in Spiritualism Strong believers Public Appearance
Sons are expected to take Old parents are not cared for. care of their Parents. No religious ceremony is held without wife. Women given respect in traditional sense Relegated to Old Homes Women looked as objects of pleasure. Women are free in every aspect
Do not insist on commitment in the first meeting. Making a decision, in Indian organizations, is often a long-drawn out process. This is not only because of the bureaucratic nature of many Indian organizations, but also because a decision may have to be ratified by people who may not be present at the negotiating table.
Gifts Box of Sweets Chocolates Bouquet of Flowers Household Items Liquor, but . . . .
Topics of Conversation
Families Tradition Foreign Countries Cricket Politics & Religion
Poverty
Personal Matters
Military Spending
Colors
Red
Blue Black
White
Heavens, Truth & Mercy Death, Anger & Intolerance Alcohol Sudra ( Low caste)
Creation, Rebirth & Reincarnation Brahmins (High caste)
Hierarchy
One of the most significant cultural influences on Indian culture is that of hierarchy. You will see this manifest in many ways when doing business in India. For example, only the owner or the most superior person of a company will make business decisions. Even if you are dealing with a manager, they will always go to the boss for a final decision. You may often find that, as a sign of respect, subordinates stand up when the boss enters a room. If you are unsure whether to rise or not, err on the side of caution and do so. Women in business, especially in senior positions, executives, are a relatively new development. If you are a woman doing business in India, you will normally find people respectful and courteous, but not very comfortable in working with you for business deals. You may have to make extra efforts to get them to discuss business with you.
When doing business in India, business cards should be exchanged at the first meeting. English is the language of business so there is no need to translate your cards. Be sure to receive and give with your right hand. Make sure the card is put away respectfully and not simply pushed into a trouser pocket.
Building Trust
Doing business in India involves building relationships and establishing trust. It is vital that a good relationship is founded on two foundations. 1) on a business level, i.e. demonstrating strong business acumen, professionalism and qualifications and 2) at a personal level, i.e. relating to your partner and exhibiting the positive traits of trustworthiness and honour.
Language
Different states in India each have different official languages. Central government only recognizes Hindi as the official language of India. However, when doing business in India, English is the language of international commerce.
Foreign Investment
Most sectors follow the automatic approval route FDI caps: Telecom up to 74 percent, Mining 74 percent, Private sector banking 49 percent, Insurance 26 percent.
(The government is seeking to increase the FDI caps further)
FDI up to 51 percent in priority capital and intermediary goods sectors. Non resident Indians and overseas corporate bodies allowed 100 percent equity in key areas.