2. The term globalization means International Integration. It is a process through which the diverse world is unified into a single society. Opening up of world trade, development of advanced means of communication, internationalisation of financial markets, growing importance of MNC's, population migrations and more generally increased mobility of persons, goods, capital, data and ideas WHAT IS GLOBALISATION ?
4. Issues Accountability of Global businesses? Increased gap between rich and poor fuels potential terrorist reaction Ethical responsibility of business? Efforts to remove trade barriers.
12. New multilateral agreements – for services, intellectual property , communications – more binding on national governments than any previous agreements.Globalization – what’s really new? New rules and norms
26. Investment goal – USD 250 billionGrowing Indian Economy *: ProjectedSource: Economic Times & India Brand Equity Foundation (IBEF)
27. Growing GDP Contribution of Services - increased from 48% to 62% and is estimated to contribute 60% by 2010 *: ProjectedSource: India Brand Equity Foundation (IBEF)
30. Increasing Forex Reserves Steadily increasing Forex reserves offer adequate security against any possible currency crisis or monetary instability Source: Reserve Bank of India & India Brand Equity Foundation (IBEF)
31. Growing FDI Inflows India is ranked second in AT Kearney’s FDI confidence index (2007) Electronic equipment, manufacturing and telecom have witnessed significant FDI inflow * Provisional Source: Department of Commerce
32. Increasing Per Capita Income Source: India Brand Equity Foundation (IBEF) & Economic Survey 2007-08
33. Major M&A and Investments Announcements in India POSCO to invest in building steel manufacturing plants and facilities in India by 2016 USD 12 billion Plans to establish three manufacturing plants to produce photo-voltaic units USD 2 billion Plans to spend on its development operations in India over the next four years USD 1.7 billion Source: India Brand Equity Foundation (IBEF)
34. India Inc. Investing Overseas Main sectors: Main Destinations: China, UAE, UKNorth America is emerging as a destination.
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36. India is the 4th largest economy in the world when measured by PPP
37. India’s has a growing middle class of over 300 million people - 30% of India’s population – and larger than the population of the US
38. India is the 3rd largest global telecom market. The mobile subscriber base has grown from 0.3 Million in 1996 to over 250 million currently.
39. India is likely to add over 200 shopping malls by 2010 and 715 malls by 2015
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41. Major Items Exported to USA (2006) Source: US Department of Commerce
42. Major Items Imported from USA (2006) Source: US Department of Commerce
43. India co. going Global "Toyota Motor has chosen to source from India due to its competitive cost of manufacture, availability of abundant engineering talent, and strong indigenous machine tool."
60. What are people talking about India? "India has a fantastic pool of software professionals. The world needs to benefit from this.“ This market (India) is critical to our plans for building a Ford Motor Co. for the 21st century Bill Gates, Microsoft Chairman Bill Ford, Chairman and CEO India on its way to becoming IT, manufacturing kingdom of the world The dynamism shown by India in the last 15 years is phenomenal Mr Yasukuni Enoki, Japanese Ambassador to India Paul Wolfowitz, President, World Bank
63. Multi party rule, hence need to accommodate political ideology with economic reality (reservation, labour law reforms).India’s Problems
64. Conclusion Companies in India That Have Successfully Met Competition by Multinationals & Domestic Companies Had A Spirit Of Innovation Not Only In Their Products And Services But Also With Reference To All Their Resources And Effectively Restructured Them In A Time And Cost Frame And Met Customer Needs And Improved Their Top And Bottom Line.