International business-Business Environment Country Analysis Project Essay

International business-Business Environment Country Analysis Project - Essay ExampleHealthcare assiduity supported by advanced technologies in medical equipment like the ultrasonic devices, x-ray equipment and MRI s kindleners can be the right platform for business development in fast growing Indian market. This composition analyzes the socio-economic conditions and the policy frame work in India to assess the market conditions and to decide on the best court to tap this market.Endowed with democratic institutions and supported by internationally acknowledged legal frame work, India presents an cute opportunity. Since the time of economic reforms undertaken in the early 90s, GDP grew steadily to the level of over $1 zillion in 2008 (Silicon news, 2008). During the four years since 2003-04 the average annual GDP growth rate was 8.83%, and exports formed nigh 26.5% of GDP on the average (India Country Report, 2007). Even in the current financial year (April 2008 marching 09) GDP growth rate is expected to be around 7% (RBI Bulletin, 2009), confirming that the Indian sparing is relatively less affected by the current global economic crisis.Sector-wise, agriculture & allied activities, manufacture and services constitute 17.8%, 19.4% and 62.9% respectively of the GDP during 2007-08 and among the services, community, social and personal services segment that has relevance to health care industry constitutes 13.4% and has been growing at over 7% annually since 2004-05 (RBI Annual report, 2008).IT and IT enabled services, metallurgy, automobiles and telecommunications are some of the just about visible sectors. Tata Consulting Services, Infosys, Wipro, Tata Sons, Mittal Group, ICICI etc. are some of the global Indian companies. Large infrastructure investments are ever-changing the landscape of the country.With US$ 250 plus billion foreign exchange reserves, GDP growth rate of 7%, fiscal deficit target of 3.3% and inflation target of below 5%, the Indian eco nomy is on a