Why is Indian economy an attraction for Foreign investment and why india is a favourite of business world
2006-09-19 03:18:41 · 10 answers · asked by Shailja M 1 in Business & Finance ➔ Other - Business & Finance
Because India has a huge mkt of a billion plus people, cheap labour, highly skilled professionals and we speak English.
2006-09-19 03:22:01 · answer #1 · answered by ash_m_79 6 · 0⤊ 2⤋
Because it's dirt poor and the people will jump at the chance to work for what is considered nothing elsewhere.
I'd also say that it's no longer a "hot" destination for businesses. Social unrest is causing trouble and costing money. I believe most businesses have a more cautious "wait and see" attitude about India at this time.
2006-09-19 10:20:36 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Cheap labour - and lots of it. Relatively easy access from a lot of major investors. There are probably Government incentives (the Indian Government) to encourage the arrival of big business too
2006-09-19 10:20:47 · answer #3 · answered by big pup in a small bath 4 · 0⤊ 0⤋
Many reasons...some are:
1. The ppl are hard-working
2. The ppl are smart (you know you can't deny this. Indians learn trig and geometry in the 5th grade! -Just like China)
3. The labor is cheap
4. The ppl are not afraid to do tedious and mundane tasks like most ppl in America are...
And, please no one claim point 4 is wrong, because I have seen MANY MANY ppl in NYC alone that prefer to collect unemployment and food stamps then work at McD's or Taco Bell...
2006-09-19 10:22:26 · answer #4 · answered by The First 3 · 0⤊ 2⤋
Cheap labor.
2006-09-19 10:19:57 · answer #5 · answered by Anonymous · 0⤊ 0⤋
In a nutshell, cheap labor.
2006-09-19 10:20:45 · answer #6 · answered by Anonymous · 0⤊ 0⤋
cheap educated labor that speaks English
2006-09-19 10:26:01 · answer #7 · answered by Felix L 1 · 1⤊ 1⤋
You really need an answer to that?
2006-09-19 10:20:40 · answer #8 · answered by ByeBuyamericanPi 4 · 0⤊ 0⤋
Degreed workers who will work for peanuts! :-)=
2006-09-19 10:26:22 · answer #9 · answered by Jcontrols 6 · 1⤊ 0⤋
Cheap labor, and illegal sweatshops.
2006-09-19 10:20:05 · answer #10 · answered by Anonymous · 0⤊ 1⤋