INDIAINDIA

Country Facts

by

Murali Konchada

International Business Fall 2002 GGU

                   

INDIAINDIA IntroductionIntroduction GeographyGeography Country FactsCountry Facts CultureCulture HistoryHistory

ResourcesResources Economic ProfileEconomic Profile Software IndustrySoftware Industry FDI & FDI & Business EnvironmentBusiness Environment

The FutureThe Future

Gateway of India

Country FactsCountry FactsINDIA

Area One third of USAHome of 16 per cent of world’s population

Climate : Hot tropical weather with variations from region to region

Capital New Delhi

Population (2002 est.):

1,045,845,226

Major Rivers Indus

Ganga

Yamuna

Brahmaputra

Godavari

Narmada 

Kaveri

Meenakshi Temple at Tamil Nadu

which has a hall of 1000 pillars

Country Facts Country Facts cont…cont…

ReligionsReligionsHindu 82.8%

Islam 11.3%

Christian 2.4%

Sikh 2.0%

Buddhists

0.71%

Largest CitiesLargest CitiesMumbai

Kolkata

Chennai

Hyderabad

Bangalore

Infosys’s (India’s No1 Software development Company)

one of the Development Centers

Country Facts Country Facts cont…cont…

Population Population Details…Details…

Population growth rate

1.51%

Birth rate 23.8 per 1000 population

Infant Mortality rate

61.5 per 1000 population

Literacy rate 65.38% in 2001

LanguagesLanguagesHindi (official)

English (official)

Bengali

Gujarati

Kannada

Kashmiri

Malayalam

Marathi

Oriya

Panjabi

Tamil

Telugu

Urdu

Sindhi

SanskritMarine Drive Mumbai

CultureCultureCulture has been defined in numerous ways and the one accepted by

majority of modern scientists defines it as `that complex whole which

includes knowledge, belief, art, morals, law, custom and any other

capabilities and habits acquired by man as a member of the society.

Sardar Panikkar identifies what he calls, `Outstanding Facts of Indian

Culture'. These are:

1) Tradition of tolerance, adding to the richness and variety of Indian life

2) Sense of synthesis reflected in racial harmony, the primary institutions

of the village and the family, sculpture, architecture, music and painting,

modes of worship, faith in democratic institutions etc.

3) Universal outlook as reflected in views such as `The world is one family,

`the world is one nest'

4) Philosophical outlook with its basis in the belief in the unity of creation.

5) Respect for the individual based on the philosophical equation of

the soul and the Oversoul.

Odissi Dance

History & GovernmentHistory & Government Nonviolent struggle for Independence under the leadership of

Mohandas Karamchand Gandhi ( 1869-1948)

Jawaharlal Nehru (1889-1964), 1947 India gained Independence from Britain Largest secular parliamentarian democracy of the world 1947-1964 1st Prime Minister Jawaharlal Nehru 1966-1984 PM Indira Gandhi was killed by two Sikhs in her bodyguard 1984-1989 PM Rajiv Gandhi was killed by a suicide bomber 1991-1996 PM P.V. Narasimha Rao brought many industries (especially computer

and high-tech)1996-1997 PM Deve Gowda1998-till date Shri Vajpayee is Prime Minister Since independence, India and Pakistan have fought three wars over “Kashmir” Sept 16, 2002 Elections were conducted in J&K

Shazahan built Taj Mahal in memory of his wife Mumtaj mahal

Mysore Palace

ResourcesResourcesNatural Resources: Coal (fourth-largest reserves in the world),

iron ore, manganese, mica, bauxite, titanium

ore, chromite, natural gas, diamonds, petroleum,

limestone, arable land

Gold, silver, and diamonds make up a small part of other natural resources available in India

Arable Land: 54%

permanent crops: 1% permanent pastures: 4% forests and woodland: 23% other: 16% (1993 est.)

Irrigated land: 480,000 sq km (1993 est.)

Economic ProfileEconomic ProfileEconomy

GDP $2.5 trillion (2001 est.)

GDP - real growth rate

5% (2001 est.)

GDP - per capita $2,500 (2001 est.)

Inflation rate 3.5% (2000 est.)

Labor force 4.6 million (1999)

Agriculture – 67%

Services – 18%

Industry – 15%

Unemployment rate 4.4% (1999)

Industrial production growth rate

4.3% (2001 est.)Worli Sea face Mumbai

Economic Profile ….Economic Profile ….Imports and Exports

Industries Textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery

Agricultural products Rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish

Exports $44.5 billion (f.o.b., 2001)

Export Commodities Textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures

Export partners US 22.8%, Hong Kong 5.8%, Japan 5.3%, UK 5.3%, Germany 4.6% (2000)

Imports $53.8 billion (f.o.b., 2001)

Import Commodities Crude oil, machinery, gems, fertilizer, chemicals

Import partners Benelux 8.5%, US 8%, UK 6.2%, Japan 5.7%, Saudi Arabia 4.6% (2000)

Economic aid received $2.9 billion (FY98/99)

Currency Indian Rupee; $1 = Rs.48.33 (Jan 2002)

Software IndustrySoftware Industry

                                        

     

Indian IT Software and Services Industry (Figures in US$ Billion)

India is best positioned for cross border IT services

Indian software industry is expected to gross $87 billion in 2008, with $50 billion coming from exports!

FDIFDI

India welcomes foreign investment in virtually all sectors except defense, railway transport and atomic energy

India has formulated a sectoral FDI policy

Key Sectors for FDIKey Sectors for FDI

Bio-Technology Civil Aviation

Electronics and Information Technology

Entertainment Industry

Food Processing Insurance Banking and Financial Markets

Ports Power

Roads Telecommunications

Drugs and Pharmaceuticals E-Business

Ports Power

Mining Urban Infrastructure Housing

Tourism

FDI cont…FDI cont…

FDI Inflows cross US$ 4 Billion in 2001-2002

India's most valuable resource, its technologically capable English- speaking workforce, can position India as the services hub of the world.

One of the best examples is GE which was able to cut costs by outsourcing to India.

Banks, insurance companies and mutual funds can save money by shifting their back-office work to India.

NEWSNEWS

Wipro-Microsoft combine can take on IBM: Bill Gates

India can be manufacturing hub too, says GatesMicrosoft chairman and chief software architect Bill Gates commended India to turn into a manufacturing hub as it had the required skills, low-cost labor, good sense of technology, and advanced software expertise