Challenges Foreign Companies Face When Setting Up Business in the World's Fastest Growing Economy
Whether you associate this country with temples, modern skyscrapers or prevalent slums; if you are a businessman looking to expand in the world market – you cannot miss India. India is one of the fastest growing economies in the world.
India holds the potential to skyrocket your sales figures and realizing this, the liberalisation in 1991 lead to a massive influx of large foreign companies into the country. Also, the economy has been growing at the rate of 8.2% p.a. However, despite favourable market conditions, countless foreign brands failed to survive in India. Be it the General Motors exit or the closure of Royal Bank of Scotland, there were a number of reasons for their failure in India..
https://www.entrepreneur.com/article/322480
===
by Idham Azhari
No comments:
Post a Comment