Selected question:• Select a country of interest to you and discuss and analyze the political, economic and legal characteristics of that country and the implications for doing business there. (Chapter 2) INTRODUCTION The exchange of goods and services between countries or simply international trade is a direct impact of globalization. In recent business developments, conducting international business has become a common but complex business strategy. No country in the world is completely self-sufficient. To overcome imperfections, companies must find countries that can fill business gaps. With this intention, a PEST analysis is carried out in the selected country in some areas including political, economic and legal to start a medium scale business. India is a developing country in the Asian region which also belongs to the BRIC countries. India is in a phase of rapid growth and enters into numerous international agreements and interrelationships with other countries. When considering a country to do business, India has provided investors with a clear and smooth path. As a general aspect to consider when choosing a country to conduct a business in, India's current economic environment and procedures have encouraged investors to take a look at India and take a look at its business environment. This study of India would enhance knowledge and enable clear and India-specific background in conducting international trading platforms. SOCIAL and CULTURAL Overview of India India is the seventh largest country in the world. It is a republican state in South Asia. The climate of India is considered classified as tropical monsoon in South India and moderate temperature in......middle of paper......Indian market to start a business. India has many different religions, skin colors, languages and also India is rich in highly skilled workforce. According to the analysis and study, India will be a good market opportunity to start new businesses in this country. The Indian legal system also creates an excellent platform for bringing forward new initiatives. Most countries are unable to produce goods on their own, cost advantages, to deal with globalization, etc. considering the political, economic and legal aspects that India has the strength to provide such facilities. Along with the positive aspects there are also some weaknesses and threats. India is a rapidly developing country and investing in India has lower risk than other emerging countries in the world. Finally, India's young population and growing economic might promise to serve as a magnet for foreign companies in the decades to come.
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