Global Cultural Business Analysis of India

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Submitted By tburke13
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Global Business Cultural Analysis of India
BUSI 604: International Business

The nation that I have chosen for this Global Business Cultural Analysis research project is India. India has one of the fastest growing and largest economies despite being one of the poorest countries. “India has emerged as the world's third largest economy, in terms of Purchasing Power Parity (PPP), just behind the U.S. and China, according to a report from the World Bank” (Bawaba, 2014). The academic reason in which I chose India is that it is very interesting in how one of the poorest countries in the world has developed to be in the position of third largest economy.
There are five learning objectives I will research in addition to the required four research questions. First of all, I want to explore the overall business culture of India. There are different perceptions of ethical business practices throughout the world. Second, I will research the role the Indian government plays in conducting business. Third, the differences in the United States labor market and India’s labor market. Next, I will determine if India is going to be of any threat to the US economy in future. Last of all, I will explore the business laws and regulations of the Indian economy.
What are the major elements and dimensions of culture in India?
Communication, relationships, culture and hierarchy are the major elements of culture within the nation of India. “While English is spoken by many Indians, especially in the business and academic communities and in the cities, there are numerous languages and dialects spoken. Hindi is the first language of approximately 40 percent of the population, but there are 15 other “official” languages recognized by the government and more than 400 spoken languages and dialects” (James 2013). Business relationships in India are…...

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