Can a new government lead to lasting change?
India, with 1.25 billion people and a growing middle class, offers a vast market for global companies. The government of Prime Minister Narendra Modi, elected in mid-2014, has promised to improve the climate for all types of businesses and has reached out to foreign investors. Indeed, there are signs the economy is picking up throughout the vast, multicultural land. But the obstacles are great. Corruption and red tape remain entrenched. Businesses continue to be concerned about the workforce and whether it can meet the needs of the nation's modernizing economy. Infrastructure problems make day-to-day transportation and operation a challenge. Even though the government has promised to spend billions of rupees to improve the situation, it's unclear when progress will become visible.
“The World Fact Book,” Central Intelligence Agency, 2013–14, http://tinyurl.com/
Makar, Eugene M., “An American's Guide to Doing Business in India,” Avon, 2008. Coming to terms with India's business culture can be challenging; a strong local component or joint venture can help.
Manian, Ranjini, “Doing Business in India for Dummies,” Wiley Publishing, 2007. A specialist in helping international companies relocate workers to India discusses the basics of doing business in her native land.
Venkatesan, Ravi, “Conquering the Chaos: Win in India, Win Everywhere,” Harvard Business School Press, 2013. India has a myriad of tax, labor and other laws that are sometimes creatively interpreted by government officers, which can make navigating the system chaotic and uncertain, writes one of the country's most prominent business leaders.
Ahluwalia, Montek Singh, “Lesson's from India's Economic Reforms,” in “Development Challenges in the 1990s,” World Bank and Oxford University Press, 2005, http://tinyurl.com/
Anand, Geeta, “India Graduates Millions, but Too Few Are Fit to Hire,” The Wall Street Journal, April 11, 5, 2011, http://tinyurl.com/
Bagri, Neha Thirani, “Narendra Modi, India's Leader, Moves to Reshape Labor Rules,” The New York Times, Oct. 16, 2014, http://tinyurl.com/
Chatterjee, Siddharth, “Corruption–An Epidemic of Epic Scale in India,” The Huffington Post, April 4, 2014, http://tinyurl.com/
Doval, Pankaj, “Doing business in India difficult, Honda Motor chief says,” Times of India, Sept. 13. 2014, http://tinyurl.com/
Kumar, Manoj, and Krishna N. Das, “India's Modi steps up economic reforms, eyes privatization,” Reuters, Oct. 20, 2014, http://tinyurl.com/
Kumar, S. Ramesh, “Addressing Diversity: The Marketing Challenge in India,” The Wall Street Journal, Oct. 20, 2009, http://tinyurl.com/
Rajaram, Danielle, “The Promise and Peril of India's Youth Bulge,” The Diplomat, May 3, 2013, http://tinyurl.com/
Sincavage, Jessica, et al., “Labor costs in India's organized manufacturing sector,” Monthly Labor Review, 2010, http://tinyurl.com/
Venketesan, Ravi, “A Crossroads for India, and Its Business Landscape,” Harvard Business Review, May 23, 2014, http://tinyurl.com/
Reports and Studies
“Corruption Perceptions Index 2014,” Transparency International, Dec. 3, 2014, http://tinyurl.com/
“Risk, Uncertainty and Opportunity in a Changing Tax Landscape: 2014 Tax Complexity Survey,” Deloitte, 2014, http://tinyurl.com/
“World Economic Outlook 2014, Recovery Strengthens, Remains Uneven,” International Monetary Fund, 2014, http://tinyurl.com/
Schwab, Klaus, and Xavier Sala-i-Martín, “The Global Competitiveness Report 2013–2014,” World Economic Forum, 2013, http://tinyurl.com/
Singh, Arpinder, et al., “Bribery and corruption: ground reality in India,” EY Fraud Investigation & Dispute Services Practice, July 24, 2013, http://tinyurl.com/
The Next Step
Dutta, Saptarishi, “The Indian government has a new anti-corruption weapon that's stashed in your phone,” Quartz, Nov. 3, 2014, http://tinyurl.com/
John, Sujit and Shilpa Phadnis, “Oracle India faces bribery charges,” The Times of India, Oct. 15, 2014, http://tinyurl.com/
Kaushik, Preetam, “Bold Steps Needed To Fight Corruption In India,” Business Insider India, Oct. 21, 2014, http://tinyurl.com/
Das, Krishna N., and Sonali Paul, “As India opens up coal sector, global miners cool on investing,” Reuters, Feb. 3, 2015, http://tinyurl.com/
Fairclough, Gordon, “India Races to Bolster Border Infrastructure, Chasing China,” The Wall Street Journal, Oct. 30, 2014, http://tinyurl.com/
Kazmin, Amy, “India struggles to build up infrastructure dream,” The Financial Times, July 29, 2014, http://tinyurl.com/
Kohli, Jasmine, “Indian hospital shows how mobility can improve health care in rural areas,” InformationWeek, Nov. 10, 2014, http://tinyurl.com/
Aggarwal, Varun, “Ineda System to build chips that can improve women's safety,” The Economic Times, April 12, 2014, http://tinyurl.com/
Chandran, Rina and Bibhudatta Pradhan, “India's Women's Vote Becomes More Independent,” Bloomberg Businessweek, May 8, 2014, http://tinyurl.com/
Pearson, Obiko Natalie, “India's Message to Women: Come Visit, We'll Become Safer,” Bloomberg Business, Jan. 22, 2015, http://tinyurl.com/
Shivakumar, Girija, “India is set to become the youngest country by 2020,” The Hindu, April 17, 2013, http://tinyurl.com/
American Chambers of Commerce in India (AMCHAM-India)
PHD House, 4th Floor, 4/2, Siri Institutional Area, August Kranti Marg, New Delhi, 110 016
Tel: 91-11-2652 5201/ 2652 5202; Fax: 91-11-2652 5203
Association of U.S. business organizations operating in India.
Confederation of Indian Industry
The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi, 110 003
Tel: 91-11 4577 1000/ 2462 9994-7; Fax: 91-11-2462 6149
Industry-led and -managed organization that plays an active role in India's development process.
Department of Industrial Policy and Promotion
Ministry of Commerce and Industry, Government of India, Udyog Bhawan, New Delhi
Tel: 91-11-2306 1204/2306 1222-29
Indian government agency charged with facilitating flow of investment and technology and monitoring industrial development.
Embassy of India
2107 Massachusetts Ave., N.W., Washington, D.C. 20008
Tel: 202-939-7000, Fax: 202-265-4351
Official Indian government presence in the United States that provides advice to American companies on Indian products and export/import rules and regulations; also assists Indian businesses in dealing with U.S. trade policies.
Federation of Indian Chambers of Commerce and Industry
Federation House, Tansen Marg, New Delhi, 110 001
Tel: 91-11-2373 8760-70, Fax: 91-11-2332 0714, 2372 1504
Nongovernmental, not-for-profit organization that serves as voice of India's business and industry.
Franchising Association of India
3rd Floor, Champion Building, 15-Parsi Panchayat Road, Andheri (E) Mumbai-400 069
Tel: 91-22-2827 2490
Nonprofit group of franchising-related interests in India.
India in Business
Ministry of External Affairs, Government of India
Tel: 91-11-4901 5470, Fax: 91-11-4901 5471
Government-run group whose primary aim is to accelerate the pace of foreign direct investment in India.
National Association of Software and Service Companies
International Youth Centre, Teen Murti Marg, Chanakyapuri, New Delhi, 110 021
Tel:91-11-2301 0199/4767 0100, Fax: 91-11-2301 5452
Nonprofit association that represents the Indian information technology industry.
Room No. 517, Yojana Bhavan, Sansad Marg, New Delhi, 110 001
Tel: 91-11-2309 6620, Fax: 91-11-2309 6764/2309 6779
Indian government commission that assesses resources in the country and prepares plans for effective and balanced use of resources for economic growth.