India under Organization Theory & Design

Introduction3

Discussion3

Form of Government and Economic Type of India3

Form of Government3

Economic Type4

Infrastructure of India6

Economic Conditions of India8

People want to live in India11

Socio-Cultural and Political/ Legal Environment of India12

Socio-Cultural Environment of India12

Political/Legal Environment of India13

Risks of Doing Business in India15

Is India a Good Choice for US firms to do Business?16

Conclusion18

References20

India under Organization Theory & Design

Introduction

The economy of India is big and still growing at a rapid rate. Indian government deliberate strategy and liberalization of government regulations on the government of India to endorse infrastructure predicts opportunity for US firms. Thus, this paper examines the opportunities for doing business in India, which is among the fastest growing economies among the world's countries. This paper also focuses on some of the challenges and on the structuring opportunities for US firms are likely to come across in India.

Discussion

Form of Government and Economic Type of India

Form of Government

India has a federal system based on the constitution of India. India also referred to a democratic republic, secular, sovereign and has a Parliamentary form of government. India has 7 union of territories and basically a union of 28 states that operate according to the constitution of India that was espoused on 1949.

The President of India is the head of the executive union in the federal system of India. However, the social and real power resides to the Prime Minister of India, who also heads the council of ministers. Based on the federal system of India, it is evidently affirmed in the constitution of India, Article 74(1), which stated that the Prime Minister and Ministers council will give advice and assist the President (Kumar, Amitendu & Singh, 2007). The members of Council are answerable to the House of People or the Lok Sabha, according to the Federal System prevailing in the country.

Economic Type

India has a mixed structure of the economy. Indian economy is neither completely socialistic nor completely capitalistic. It is neither completely free market system nor completely an open market. The main variables in the choice of the design of Indian economy are welfare of people, equitable distribution of income and wealth, a sound connection between incomes and employment, preventing monopolies and concentration of wealth and power, and supporting sectors of education and health by political strength and government financial support. Economy of India operates on the principles of freedom of religion and speech to all; respecting the right to earn a livelihood; and access to education; and equal opportunity to all its citizens. India has a substantial institutional structure offers the basic pillars for the edification of economy; therefore, growing at a rapid rate. In such design, the government is neither a passive spectator nor an active player. It initiates, substantiates, regulates, monitors, helps and supports change as and when needed. The bureaucratic system plays a vital role and has to be enlightened and educated.

Source: Economic Survey 2011-2012

India is the fifth largest economy of the world at $$3.3 trillion, ahead of Germany, but after the European Union, United States, ...