India New Enterprise
Start! Creating and developing a Business in India
India is a republic consisting of 29 States and seven Union territories with a parliamentary system of democracy. It has the world's twelfth largest economy at market exchange rates and the fourth largest in purchasing power. Economic reforms since 1991 have transformed it into one of the fastest growing economies in the world. However, it still suffers from poverty, illiteracy, disease, and malnutrition. A pluralistic, multilingual and multiethnic society, India is also home to a diversity of wildlife in a variety of protected habitats
With an estimated population of 1.2 billion, India is the world's second most populous country. The last 50 years have seen a rapid increase in population due to medical advances and massive increase in agricultural productivity due to the "green revolution". India's urban population increased 11-fold during the twentieth century and is increasingly concentrated in large cities. By 2001 there were 35 million-plus population cities in India, with the largest cities, with a population of over 10 million each, being Mumbai, Delhi and Kolkata. However, as of 2001, more than 70% of India's population continues to reside in rural areas.
India is the world's most culturally, linguistically and genetically diverse geographical entity after the African continent. India is home to two major linguistic families: Indo Aryan (spoken by about 74% of the population) and Dravidian (spoken by about 24%). Other languages spoken in India come from the Austro-Asiatic and Tibeto-Burman linguistic families. Neither the Constitution of India, nor any Indian law defines any national language. Hindi, with the largest number of speakers, is the official language of the union. English is used extensively in business and administration and has the status of a 'subsidiary official language; it is also important in education, especially as a medium of higher education. However, except Hindi no language is spoken by more than 10% of the population of the country. In addition, every state and union territory has its own official languages, and the constitution also recognizes in particular 21 "scheduled languages".
India's culture is marked by a high degree of syncretism and cultural pluralism. It has managed to preserve established traditions while absorbing new customs, traditions, and ideas from invaders and immigrants and spreading its cultural influence to other parts of Asia, mainly South East and East Asia.
Relatively strict social hierarchy defines traditional Indian society. The Indian caste system describes the social stratification and social restrictions in the Indian subcontinent, in which social classes are defined by thousands of endogamous hereditary groups, often termed as jātis or castes.
Traditional Indian family values are highly respected, and multi-generational patriarchal joint families have been the norm, although nuclear families are becoming common in urban areas. An overwhelming majority of Indians have their marriages arranged by their parents and other respected family members, with the consent of the bride and groom. Marriage is thought to be for life, and the divorce rate is extremely low. Child marriage is still a common practice, with half of women in India marrying before the legal age of 18.
With an estimated population of 1.2 billion, India is the world's second most populous country. The last 50 years have seen a rapid increase in population due to medical advances and massive increase in agricultural productivity due to the "green revolution". India's urban population increased 11-fold during the twentieth century and is increasingly concentrated in large cities. By 2001 there were 35 million-plus population cities in India, with the largest cities, with a population of over 10 million each, being Mumbai, Delhi and Kolkata. However, as of 2001, more than 70% of India's population continues to reside in rural areas.
India is the world's most culturally, linguistically and genetically diverse geographical entity after the African continent. India is home to two major linguistic families: Indo Aryan (spoken by about 74% of the population) and Dravidian (spoken by about 24%). Other languages spoken in India come from the Austro-Asiatic and Tibeto-Burman linguistic families. Neither the Constitution of India, nor any Indian law defines any national language. Hindi, with the largest number of speakers, is the official language of the union. English is used extensively in business and administration and has the status of a 'subsidiary official language; it is also important in education, especially as a medium of higher education. However, except Hindi no language is spoken by more than 10% of the population of the country. In addition, every state and union territory has its own official languages, and the constitution also recognizes in particular 21 "scheduled languages".
India's culture is marked by a high degree of syncretism and cultural pluralism. It has managed to preserve established traditions while absorbing new customs, traditions, and ideas from invaders and immigrants and spreading its cultural influence to other parts of Asia, mainly South East and East Asia.
Relatively strict social hierarchy defines traditional Indian society. The Indian caste system describes the social stratification and social restrictions in the Indian subcontinent, in which social classes are defined by thousands of endogamous hereditary groups, often termed as jātis or castes.
Traditional Indian family values are highly respected, and multi-generational patriarchal joint families have been the norm, although nuclear families are becoming common in urban areas. An overwhelming majority of Indians have their marriages arranged by their parents and other respected family members, with the consent of the bride and groom. Marriage is thought to be for life, and the divorce rate is extremely low. Child marriage is still a common practice, with half of women in India marrying before the legal age of 18.
Start! Creating and developing a Business in India
Make in India: Embracing Growth and Change
India is the fastest growing large economy in the world today – an impressive position it has held since it overtook China in the year 2015 – with the International Monetary Fund (IMF) predicting that it will retain this status till 2020.
India is the fastest growing large economy in the world today – an impressive position it has held since it overtook China in the year 20151 – with the International Monetary Fund (IMF) predicting that it will retain this status till 2020. With the Gross Domestic Product (GDP) of the country growing at more than 7% since 2014, the IMF has kept projections for India’s growth in 2016-2017 at 7.5%2, which is remarkable since there has been a forecast of the global growth downgrading to 3.2% this year. India is also the third-largest economy in the world regarding its purchasing power parity according to the World Bank with the GDP of over USD 2.1 trillion.3 It was named amongst the top 10 Foreign Direct Investment (FDI) destination in 2015.
The country is home to the 2nd largest English-speaking population in the world after the Unites States. It also has the largest youth population in the world at 650 million with more than half the population below 25 years of age. This demographic is arguably India’s greatest strength. As United Nation (UN) report stated, ‘developing countries with large youth populations could see their economies soar, provided they invest heavily in young people's education and health and protect their rights.4 Furthermore, India’s smartphone users are numbered at over 220 million, making it the second-biggest smartphone market regarding active unique smartphone users, surpassing even the US market.5 From being the country having the 2nd largest pool of doctors and engineers, India is also making headway in science and media with over 100,000 registered publications and 800 television channels.
Looking at these statistics, one cannot deny that India has an incredible potential to rise as an economic power with a prosperous future. A decade-long study by Harvard University's Centre for International Development predicts the country’s GDP will continue to expand at an average of over 7% which means nominal GDP will nearly double to around USD 4.50 trillion in 2025. India’s purchasing power parity in 2025 will thus be around USD 15 trillion by a similar calculation. It is also set to be the 5th largest consumer market by the same year.6 “Never before have there been so many young people. Never again is there likely to be such potential for economic and social progress. How we meet the needs and aspirations of young people will define our common future.” mentions the UN report. Thus, it is crucial to make several reforms and introduce the right type of policies to maintain the current trajectory.
The government of India has already taken several steps for some much-needed change in the country. Numerous national developmental projects have been launched in the recent years which cover a wide array of sectors to initiate economic reform as well as target social change. Complementary to ‘Make in India’ that aims to promote the 25 sectors identified for investment in manufacturing, the government has also launched progressive initiatives like:
India is the fastest growing large economy in the world today – an impressive position it has held since it overtook China in the year 2015 – with the International Monetary Fund (IMF) predicting that it will retain this status till 2020.
India is the fastest growing large economy in the world today – an impressive position it has held since it overtook China in the year 20151 – with the International Monetary Fund (IMF) predicting that it will retain this status till 2020. With the Gross Domestic Product (GDP) of the country growing at more than 7% since 2014, the IMF has kept projections for India’s growth in 2016-2017 at 7.5%2, which is remarkable since there has been a forecast of the global growth downgrading to 3.2% this year. India is also the third-largest economy in the world regarding its purchasing power parity according to the World Bank with the GDP of over USD 2.1 trillion.3 It was named amongst the top 10 Foreign Direct Investment (FDI) destination in 2015.
The country is home to the 2nd largest English-speaking population in the world after the Unites States. It also has the largest youth population in the world at 650 million with more than half the population below 25 years of age. This demographic is arguably India’s greatest strength. As United Nation (UN) report stated, ‘developing countries with large youth populations could see their economies soar, provided they invest heavily in young people's education and health and protect their rights.4 Furthermore, India’s smartphone users are numbered at over 220 million, making it the second-biggest smartphone market regarding active unique smartphone users, surpassing even the US market.5 From being the country having the 2nd largest pool of doctors and engineers, India is also making headway in science and media with over 100,000 registered publications and 800 television channels.
Looking at these statistics, one cannot deny that India has an incredible potential to rise as an economic power with a prosperous future. A decade-long study by Harvard University's Centre for International Development predicts the country’s GDP will continue to expand at an average of over 7% which means nominal GDP will nearly double to around USD 4.50 trillion in 2025. India’s purchasing power parity in 2025 will thus be around USD 15 trillion by a similar calculation. It is also set to be the 5th largest consumer market by the same year.6 “Never before have there been so many young people. Never again is there likely to be such potential for economic and social progress. How we meet the needs and aspirations of young people will define our common future.” mentions the UN report. Thus, it is crucial to make several reforms and introduce the right type of policies to maintain the current trajectory.
The government of India has already taken several steps for some much-needed change in the country. Numerous national developmental projects have been launched in the recent years which cover a wide array of sectors to initiate economic reform as well as target social change. Complementary to ‘Make in India’ that aims to promote the 25 sectors identified for investment in manufacturing, the government has also launched progressive initiatives like:
Start! Creating and developing a Business in India
- Digital India: The initiative will connect rural areas with high-speed internet networks, boost electronics manufacturing, transforming India into a digitally empowered society and knowledge economy.
- Start Up India: The initiative aims at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conducive to growth of Start-ups.
- Skill India: An initiative will aim at encouraging the development of skill force across India by including the National Skill Development Mission, National Policy for Skill Development and Entrepreneurship 2015,
- Pradhan Mantri Kaushal Vikas Yojana (PMKVY) scheme and the Skill Loan scheme. Over 400 million people will be trained in various skills by 2022.
Pradhan Mantri Jan-Dhan Yojana (PMJDY): This program plans to ensure access to different financial services like availability of basic savings bank account, access to need-based credit, remittances facility, insurance and pension to the classes in society that economically-challenged.
- Smart City: This is an urban renewal and retrofitting program with a mission to develop 100 cities all over the country making them citizen friendly and sustainable.
[Based on http://www.makeinindia.com/article/-/v/make-in-india-embracing-growth-and-change]
About ANYTHING Business Consultancy
ANYTHING Business Consultancy goal is connecting people and businesses from Around the world & India for mutual benefit.
India ranked low on the World Bank's report of 'Ease of Doing Business', having been cited to have a myriad of regulations and bureaucratic red tape and that’s where we come into the picture.
ANYTHING Business Consultancy is active in the Indian market and represents several International as well as Indian companies in a variety of business fields.
Our main advantages are
ANYTHING Business Consultancy is active in the Indian market and represents several International as well as Indian companies in a variety of business fields.
Our main advantages are
- Deep understanding of both cultures – Western and Indian
- Unique ability to be a bridge and to promote business interests on both sides
- Experience and know-how of SEZ policies and regulations
- Successful closure of business deals.
Major Practices- Functional Practice Areas
Corporate Development
Business Technology
Marketing & Sales
Operations
Organization
Strategy
Sustainability & Resource Productivity
Fields of activity- Industry Practices
Infrastructure
- Innovative environmentally & ecologically friendly formulas and products for construction of roads & building materials for housing
- Soil stabilization
- Agro Food Parks
- Traffic Management
- Solar Street Light
Cleantech
Water treatment
- Waste water treatment solutions
- Water purification & disinfection systems
- Water safety systems
- Water transportation Solutions
Energy
- Solar: electricity, heating & various applications
Home Land Security
- Innovative solutions of different materials detection
- Training of people and Special forces
- Simulations for people and machines
- Self-defense methodologies and product
- Bullet proof products
- Threat analysis and security solutions
Healthcare
- Medical equipment
- Medical devices
Waste Management
- Solid Waste management
- C&D Waste Management
Smart Cities
Agriculture
Oil & Gas
Diamonds and Jewelry
Commodities
Smart Shelves
Kosher Foods
M&A’s and JV’s
At ANYTHING Business Consultancy, we are committed to map out the business interests between Investors and Entrepreneurs, Manufacturers, Distributors, Companies and Corporations that have common fields of activity or interests in order to synchronize and maximize their business goals and profit.
ANYTHING Business Consultancy helps industries grow through international mergers & acquisitions, upon specific requests from International companies, by creating synergy between the right partners
ANYTHING Business Consultancy is a talented group, with an understanding of both markets and cultures and with the ability to lead the market by offering innovative, focused and superior service to facilitate the process of
business development, making it less time consuming and the commercial marketing process becomes highly targeted and less costly. ANYTHING Business Consultancy has local teams that consist of dedicated people, with strengths in various business fields. These teams have accompanied us for the past few years.
Our operative offer for a Start! A new Business in India
India is one of the three most interesting rising economics together with China and Brazil, and as such India attracts companies from all over the world to penetrate into the market and collaborate with local companies.
Entering new markets is a major decision for any firm big medium and without doubts small ones. It’s decisions that need to be strategic in order to harness all resources for the success of the process without influencing the rest of the business.
International companies that wish to enter the Indian market need to face a totally different culture and especially business culture. English is the business language and most of the people speak English, but in spite of that it is still not enough to understand the customers / potential business partners. The body language, behavior codes, decision making process and time are some of the culture based barriers.
Entering into India like any other country is a decision that needs to be supported by strategy and investment (managerial attention, time, money . . .), but not like other countries worldwide, in India your presence and continuation of relationships, business as well as social is crucial and a lot of the business happens on social events and with friends or members of your network. Existence of an emissary that will be able to represent the needs and interests of the company, introducing the company leaders to the right network can reduce time to market and create cost saving.
From the Indian side, the potential partners will examine the seriousness of the International side regarding entering and penetrating into the market, their patience and tolerance to the Indian culture and especially to the Indian business culture. They will check its liability and credibility and slowly build the relationship.
Companies that wish to establish their businesses in India will need to go through market research, feasibility studies, visiting the sites, look and search for potential customers, distributors and partners. There is a need to understand the accounting procedures, law, legal issues and other professional support.
In case of manufacturing, there is additional information to collect and decisions to be made like:
Entering new markets is a major decision for any firm big medium and without doubts small ones. It’s decisions that need to be strategic in order to harness all resources for the success of the process without influencing the rest of the business.
International companies that wish to enter the Indian market need to face a totally different culture and especially business culture. English is the business language and most of the people speak English, but in spite of that it is still not enough to understand the customers / potential business partners. The body language, behavior codes, decision making process and time are some of the culture based barriers.
Entering into India like any other country is a decision that needs to be supported by strategy and investment (managerial attention, time, money . . .), but not like other countries worldwide, in India your presence and continuation of relationships, business as well as social is crucial and a lot of the business happens on social events and with friends or members of your network. Existence of an emissary that will be able to represent the needs and interests of the company, introducing the company leaders to the right network can reduce time to market and create cost saving.
From the Indian side, the potential partners will examine the seriousness of the International side regarding entering and penetrating into the market, their patience and tolerance to the Indian culture and especially to the Indian business culture. They will check its liability and credibility and slowly build the relationship.
Companies that wish to establish their businesses in India will need to go through market research, feasibility studies, visiting the sites, look and search for potential customers, distributors and partners. There is a need to understand the accounting procedures, law, legal issues and other professional support.
In case of manufacturing, there is additional information to collect and decisions to be made like:
- Whether to buy existing company or to create a new one from the beginning?
- To go with local partner or alone?
- Where in India? Close to ports (air/sea), tax benefits, availability of electricity, cost of labor, labor law’s, unions .
- To aim only to the local market, only export or both?
- SEZ (Special Economic Zone) or regular industrial zone
So on questions and decisions that should be taken based on knowledge and familiarity of the local market, terms and conditions that are applicable for the suggested business and industry at large.