Entrepreneurship Management

Assignment

Mitul D. Thekdi M.Pharm (QA) + MBA Roll no. 10 SPP- SPTM

Case Imagine that you are business analyst, you are required to prepare a report on began the emerging environment of business in India
The environment for doing business in India has changed substantially in the last couple of years and is likely to change almost radically in the coming years. India has, over the last decade, achieved a position of pre-eminence in many spheres of economic activity, most notably in information technology, business process outsourcing, and various other service industries and also increasingly in manufacturing. India stands way ahead of other nations such as Mexico, Ireland, China, Russia, Brazil, Philippines, Israel, Indonesia, Malaysia, and Turkey when one looks at a basket of dimensions such as quantity and quality of manpower and people strengths such as productivity, quality, cost, and English language skills and other thing is India has a strong education system and, consequently, one would expect to find a rich talent pool available here. However, businesses are unable to find adequate numbers of well-trained manpower because lateral and multi-disciplinary education is not much emphasized. Consequently, the number of employable people who could be gainfully employed by businesses in the emerging market space is relatively small in comparison to the number of educated people that can be found in India.

Indias attractiveness pillars - growth opportunities for business 1. The high potential of the domestic market Indias rapidly rising middle class should grow from more than 160 million people in 2011 to 267 million people in 2016. This potential leads great opportunities in India to setup business. 2. Cost competitiveness Availability of low cost labour and inexpensive manufacturing capabilities as a key attraction for their business. 3. Young and educated workforce. Indias talent pool continues to increase there was an estimated addition of approximately six million graduates in FY2012 (April 2011 to March 2012). With recent government education policies aiming to expand the number of educational institutions and vocation-driven education systems in India, this number will continue to rise in the coming years. 4. The high productivity Indian skilled workforce along with technology advancement leads to high productivity of industries with minimal or less resources spending.

5. The political stability For any country, political stability is most preliminary necessities for growth of that country. Political stability leads to effective policies, stable environment etc. is advantageous in India to start or expand any business. 6. Improving infrastructure India is not a developed country like USA, so in India we do not have all world best infrastructures to help business but as a developing country, its infrastructure for various business are improving rapidly so it is also a good factor to business in India.

Positive Signs

1. Skilled workforce 2. Knowledge pool 3. Infrastructure 4. GOVT Policies 5. SEZs 6. FDI alowance 7. Suitable Demographic conditions

1. Current GDP data may discourage foreign players 2. Poor Intellectual property right laws 3. Neighbours like Pakistan and Chaina, terririsim etc.

As a business analyst in India, the firm wants to come in healthcare area, I would like to suggest Biotech is a fastest emerging area in India. And recent government policy changes also make biotech sector more attractive and research oriented.

Negative Signs

Appendix 1

India and other countries rank on the ease of doing business Source: Doing business database