Post by account_disabled on Mar 11, 2024 4:27:27 GMT -5
India, with all its youth and unstoppable energy, is undoubtedly an attractive destination for any global entrepreneur, despite all the restrictions and difficulties in an environment even more closed than usual in the BRICS; In the World Bank's latest Doing Business 2015 report, India ranked 142nd (two lower than in 2014), the lowest of all the BRICS – 22 places below the next most difficult business environment, Brazil at 120th.
Despite everything, India has advantages that are difficult to ignore, beyond its enormous and young population, with increasingly greater prospects for economic progress and hunger to achieve them; It also has a well-diversified economy, a competitive and efficient bank, and a democracy that, with all its problems, constitutes stable support.
Roughly:
India is expected to surpass China Portugal Mobile Number List in population by 2050; In the coming decades, up to 25% of the world's new workers will be Indian. Overpopulation, with the consequent pressure it puts on the country's resources, is a serious problem that will require the development of sustainable solutions within the reach of its most disadvantaged population, particularly in the food, energy and water supply sectors.
The average Indian is almost 20 years younger than the average Japanese, and about 10 years younger than the average Chinese. On the other hand, there is a serious demographic problem of gender imbalance, more pronounced in the northern half of the country: in the last decades since the introduction of prenatal ultrasound, it is estimated that between 100,000 to 500,000 births of girls have been lost per year. year, due to (illegal) sex selection; The imbalance, on the other hand, is aggravated by a serious problem of discrimination and violence against girls and women.
Despite the image of the urban and technological “new India”, the population as a whole is still predominantly rural. The Indian government aims to train 46 million people in higher education by 2020, and together with various private and educational entities, various initiatives have been launched to train qualified workers, in order to meet the needs of the growing industrial and service economy.
Although the younger generations have a situation and future prospects that are very different from those of their parents, enormous inequalities still exist in the distribution of income; According to World Bank estimates in 2013, 20.6% of the world's poorest live in India.
Moving along the socioeconomic spectrum, rapid growth has led to an increase in the number of middle class people (according to 2009/2010 data, it is estimated that around 91 million people have incomes that allow them relative material security); Among this segment, value for money is increasingly valued. The population with high income and purchasing power is estimated (partly due to the considerable amount of undeclared income among the urban population, and especially in the wealthiest segments) between about 15 and 20 million people.
There is no single India, but rather a set of Indias: the cultural, ethnic and linguistic differences between different regions of the country can be as deep and notable as those between the different countries of Europe, so a product or concept that is well accepted in a certain area, may not arouse interest in another not too far away. These factors must also be taken into account when dealing with partners from different regions.
Regardless of their origin, a large part of the Indian population has a deep political awareness, an issue to which they dedicate much attention, as can be seen in the high rates of registered voters, voting intentions and participation in electoral processes, as well as in the numerous political parties, whose speeches cover a series of socioeconomic issues of one or several groups, such as poverty and unemployment, protection of certain vulnerable groups and castes, minority interests, etc. On the other hand, the nationalist sentiment in India is very pronounced and greatly influences the course of relations and business; It is imperative to be very well informed about the background, culture and history of the country and the region, in order to make a good impression and avoid making costly mistakes.