Global view of business operations

Global view of Business Operations

Introduction

This essay concentrates on the economic situation prevailing in India

In the later half of the twentieth century , after its independence , India has made

remarkable progress in industrial , academic , medical , agriculture and the IT sector

India , with a population of over 1 .095 billion which makes it the second most

populated country on this world (demographics , economy of India with a vibrant

economy , a very vast middle class having strong purchasing power coupled with

Government policies which are slowly shifting

from a very closed protected model

to opening for foreign investors , must be an ideal choice for anybody who is

looking for study of an economy outside the USA ( Economy of India

This essay briefly describes the various aspects of the Indian economy

The Indian Economy

By and large the Indian economy can be divided into three phases , the pre-

colonial , the colonial and the post independence . The pre-colonial era , deals with

the economy before the British rule started in the 17th century . The colonial

economy is classified as the economic situation during the British regime in India

and the post colonial era starts from 1947 , when India gained its independence

History , economy of India ) This essay deals with the economy after 1947 , especially

after the 1990s

The economy of India is the third largest in the world as measured by the

purchasing power parity , with a gross domestic product of US 3 .611 trillion . It is

the second fastest growing major economy in the world , with a GDP growth of 9 .2

percent , at the end of the second quarter of the year 2006-2007 . Due to India 's

huge population , the per capita income is 3200 at PPP or 714 at nominal

The economy is diverse and spans from agriculture handicrafts , textiles

manufacturing and a wide range of services . Two thirds of the Indian work-force

is still earning its livelihood through agriculture , services is the fastest developing

sector and is playing an increasingly powerful role in the economy

India took the route of socialist economy , after its independence . There was

strict government control over the private sector participation foreign trade and

foreign direct investment . Since early 1990s , the government controls have been

reduced as a part of the economic reforms , and privatization of public ventures

has been initiated

India currently faces the challenge of huge population social and economic

inequality ( economy of India

The most significant achievement of the Indian economy in the post

independence era is its becoming a software giant and a most favored destination

for out-sourcing from the USA and European countries . This has been possible

partly due to the natural forces like its geographic position and partly due to the

five year plans of the Indian Government in the post independence years , which

laid substantial stress on technical and professional education along with the

conventional branches of education

A night in the USA coincides exactly with a day in India . So , a medical

institution can pass over the cases...