ABSTRACT

The Indian economy is projected to become the world's fourth largest by 2020 and it is central to global economic performance. In a period of rapid change, understanding the business environment is a challenge. This book highlights the unique mix of challenges and opportunities for investors and organizations in India.

Indian Business brings together a wide range of experts to present a comprehensive insight into doing business in India. It draws on research-based evidence and expert coverage of the emerging political, legal and social frameworks. It is divided into three parts: the Indian business context, conducting business in India, and emerging practices relevant for foreign investors. Each chapter outlines the context and justification for study, along with an analysis of the present situation and future options. Useful features include a case study with questions for analysis, and links to useful web resources.

This book provides business practitioners and students with a thorough understanding of how to start and grow successful organizations in India.

part Part I|98 pages

The Indian business context

chapter 1|9 pages

Introduction

3The Indian business context
ByPawan S. Budhwar, Arup Varma, Rajesh Kumar, Hoa Do

chapter 2|11 pages

The economic environment

Facts and initiatives
ByB.C. Pradhan, S.N.V. Siva Kumar

chapter 3|16 pages

Political and legal frameworks and hurdles in India

ByDebi S. Saini

chapter 4|11 pages

The Indian cultural paradox

ByKunal Kamal Kumar, Sushanta Kumar Mishra, Tony Fang

chapter 5|11 pages

Trade unions in India

Prospects and challenges
ByVidu Badigannavar

chapter 6|11 pages

Dynamics of corruption and cronyism in India

ByNaresh Khatri, Arup Varma

chapter 7|13 pages

Unravelling and harnessing the Indian mindset

Implications for organizations
ByAbinash Panda, Rajen K. Gupta

chapter 8|14 pages

The challenges of doing business in India

An entrepreneur’s perspective
ByRaja P. Pappu

part Part II|108 pages

Conducting business in India

chapter 9|16 pages

The infrastructure in India

100Challenges and opportunities
ByDevendra G. Kodwani

chapter 10|13 pages

Entry modes and dynamics

BySurender Munjal

chapter 11|13 pages

Marketing and distribution strategies for India

ByRavi Shanker, C.K. Sharma

chapter 12|10 pages

Improving access to finance in India

Three recommendations
BySoumen De

chapter 13|13 pages

The accounting system in India

ByRajiv M. Srivastava, Vivek Shabi

chapter 14|18 pages

Managing the challenges of project management

A case study of the oil industry
ByPrasanta Kumar Dey, Debashree De, Vivek Soni

chapter 15|12 pages

Management of HR in India

ByPawan S. Budhwar, Arup Varma, Indu Rao, Sudeshna Bhattacharya

chapter 16|11 pages

HRM practices in the Indian context

A mixture of modern and traditional perspectives
ByRajesh Chandwani, Upam Pushpak Makhecha

part Part III|71 pages

Emerging practices

chapter 17|11 pages

Managing business alliances

209Experiences of a European company in India
ByClaudia Müller, Rajesh Kumar

chapter 19|11 pages

Living in India

ByArup Varma, Bhaskar Dasgupta, Pawan S. Budhwar, Peter Norlander

chapter 20|14 pages

Entrepreneurial globalization

Lessons from the “new” Indian global firm
BySam Hariharan, U. Srinivasa Rangan

chapter 21|11 pages

adhyAtma 1 or spirituality

Indian perspectives on management
ByDharm Prakash Sharma Bhawuk

chapter 22|11 pages

Corporate social responsibility and voluntary sustainability standards

The India story
ByBimal Arora, Divya Jyoti