Essay on No Business in India Gives Returns Like Politics in India

716 Words Sep 18th, 2013 3 Pages
CRAM Exclusive
Essay Sample
No business in India gives returns like politics in India, said ADR. Obviously, politics has turned into very lucrative business in India. Does this augur good or bad for India, its economy and the markets, especially BRICs country? Explain your position. From the facts of the case, it can be clearly seen that politicians thrive in India irrespective of rising inflation and slowing economy. Emerging countries will account for a large chunk of the world’s growth. These countries promise new and

middle of document…

The CEO of Bharti-Walmart, Raj Jain quit because the company is caught between the unstoppable pressure of a US law that bars corrupt acts by American companies and the unyielding wall of corruption in India, which lets no man pass without losing his virtue.
Significant tax revenues have been lost due to corruption. The sale of the 2G spectrum telecom licences in 2008 alone caused an estimated US$40.0 billion revenue loss for the Indian government. India has faced a rising budget deficit which stood at Rs7.0 trillion (US$153 billion) in 2010 or 8.9% of total GDP
India's efforts to reduce poverty will be hampered as public funds are embezzled and diverted from social spending such as on healthcare and education. According to national statistics, more than one third of the Indian population still live below the national poverty line as of 2010. Income inequality has also worsened, with the Gini index rising from 37.8% in 2005 to 39.5% in 2010.
Rising corruption has led to social discontent amongst the middle-class and a volatile political environment. Since early 2011, a series of anti-corruption street protests and hunger strikes are putting the government under pressure to pass a revised anti-corruption bill that has been proposed by Anna Hazare, India's well-known anti-corruption activist.
There are steps that have been taken as corrective measures.
* The RTI Act has brought increasing levels of
CRAM Exclusive
Monk97062Bull

Related Documents

  • Doing Business in India Essay

    eventually refuses to pay a bribe, they may not only lose business, but they might receive physical or even death threats. The babudom has many ways of wasting your company’s time. You may have to visit multiple people at an administration center before you will be able to get anything done. There will probably be many different documents for your company to sign – possibly over a hundred. Raman Roy, a former employee of American Express in India, said that he had to visit twenty-five people and sign

    Words: 1322 - Pages: 6
  • India And Its Business Culture Essay

    reason and that the future is already “said in stone”. In India, fatalism is related to the Karma and is even important in decision making. Last but not least, Collectivism is also a factor in Indian culture. India has a strong sense of community and thus a greater acceptance of hierarchical structures. This also goes along with a lack of privacy and a smaller concept of personal space. The reasons for the importance of India as a “business country”

    Words: 1696 - Pages: 7
  • India Business Quiz Essay example

    | | Centurion bank 1. India recently signed three MoUs with an Asian country to expand cooperation, under which leading Indian firms Infosys and Wipro committed to undertake projects in that country. Which is that country? China. Under the agreement, Wipro will set up a plant that will manufacture high pressure precision hydraulic cylinders, and an R&D facility will be established to enable this centre. Infosys will set up an education centre at Jiaxing to develop software talent in huge

    Words: 1943 - Pages: 8
  • Business Memorandum Analyzing Market Feasibility in India Essay

    means to attract foreign investors and increase capital puts our company in a favorable market. The legal implications of conducting business in each one of the Asian countries are critical to our success. Knowing the constraints and opportunities in each country are of great importance to our organization. Most of our current efforts are now channeled in India due to the large project the Starwood Hotels opened up in New Delhi and Mumbai and our proposal being accepted

    Words: 1364 - Pages: 6
  • Does the rise of states like China and India to great power status render postcolonialism irrelevant as a theory of international politics?

    Each state is a self contained unit. All the units interact with each other strategically, given us international politics. This interaction is based on the idea that states are self contained units.Barkawi and Laffey, 2003: p.3 Within this system of sovereign states some states are recognised has being great powers. Here what is seen as power is taken for granted. For example millions of Muslims look to Saudi Arabia for spiritual guidance but this does not mean that Saudi Arabia is considered

    Words: 2023 - Pages: 9
  • happy and prosperous india Essay

    Tata and Naval Tata towards industrializing India. The second phase of the competition saw children participating in the Tamil essay writing competition on the theme of ‘Future India’. To ensure a level playing field, the entries for the competition are divided at two levels – junior level (Std. 6-8) and senior level (Std. 9-12). Prizes at the school level included certificates, trophies and special Tata Building India Essay Competition merchandise like Travel Bags and Coffee Mugs. The city winners

    Words: 966 - Pages: 4
  • Ancient India vs. Modern India Essay

    and gives out other various responsibilities. The current slightly modified pattern of schooling in India is ten years of elementary and high school, two of higher secondary education, and three of university. India has about 180 universities and about 8000 technical, arts, and science colleges. Few countries in the world have such an ancient and diverse culture as India’s. India’s physical, religious and racial variety is as important as the history of how it become what “Modern India.” In India

    Words: 664 - Pages: 3
  • Essay India

    D. Mahmud of Chazhi invaded India from Afghanistan. This was the date when Muslims started to rule India. Islam, the religion of new invaders had a great influence on Indian culture. Muslim invaders intermarried with Hindus, and this process produced a Muslim minority with Hindu heritage. During this time a new language called Hindustani emerged replacing Sanskrit. Then came European merchants looking for spices. In 1707 the British found it possible to intervene India. Alliances with native kings

    Words: 667 - Pages: 3
  • India Essay

    India has not laid down any minimum investment criteria. • India has developed and maintained stable tax system. • As an overall image, India has developed good political image throughout the world. • There is high degree of political freedom as well as press freedom in India • Indian Government Foreign policy, favors the growth and expansion of foreign brands as it also improves India’s image as overall. • India promotes the growth of R&D sector. ECONOMIC:

    Words: 731 - Pages: 3
  • India Essay

    that the Indian Muslim population contains almost one-third of the Muslims of the world. In some states of India, the Muslims outnumber other religions. The Muslim population in India is ranked third in the world, after Indonesia and Bangladesh. The Christians are the third most populous group comprising about two percent of the population. Before Christianity reached Europe, it reached India. It mainly spread during the rule of Portuguese, Dutch, French, and British. Christians are divided into

    Words: 961 - Pages: 4