2. The Political System
3. The Economic System
4. The Legal System
In recent decades, globalization plays an important role in integrating and emerging different countries’ economy and culture. For instance, the economic potential of BRIC (Brazil, Russia, India and China) is such that they may become the four most dominant economies by the year 2050.
India is claimed to be the fastest growing country in Southeast Asia, even some people said that India will be the second China. In this project, we are going to analyze the opportunities and challenges of the business environment in India through the politics, economics, legal system, culture and geography.
2. The Political system
A. Parliamentary government
India operates under a Westminster-style parliamentary system. The legislature of India is the bicameral Parliament, consisting of two houses: the directly-elected 545-member Lok Sabha ("House of the People"), the lower house, and the indirectly-elected 250-member Rajya Sabha ("Council of States"), the upper house.
Democracy has been developed in India due to the high religion and cultural diversity. India voters can shift support from time to time, so the political parties have to do their best to retain their supporters. India legislation have to go through discussion involving different political parties holding different stances and core value, which obviously shows high capability of accepting different voices within the society.
C. Multiparty system
India has been ruled by the India National Congress (INC) for 48 years since India's independence. Between 1996 and 1998, due to political movement, the government was firstly formed by the right-wing nationalist Bharatiya Janata Party (BJP). However, in 2004, the INC won the majority seats in the election and formed the United Progressive Alliance (UPA), and was supported by left-parties and those...