India

India is a union of twenty-eight states and seven union territories, the largest state of which is Madhaya Pradesh. India can lay claim to being the most populous democracy in the world. A parliamentary republic with a multi-party system, it has six recognised national parties, of which the largest are currently the Indian National Congress and the Bharatiya Janata Party.

Colonial Indian Economy saw the arrival of the East India Company which dominated Indian trade with the West from 1600/1700’s through to the mid 1800’s when Colonial rule took over and continued in a similar vein. These administrations caused a huge strain on the Indian economy. The British would buy raw materials from India and the finished goods were then sold at a higher than normal price in Indian markets. During this time India’s share of world income declined from approx 20% in 1700 to approx 4% in 1952. India became an independent nation from colonial rule in 1947 and the Post-Colonial Indian Economy rebuild started. The Indian economy is now the world’s tenth largest by nominal GDP and third largest by purchasing power parity (PPP)

India lies on top of the minor Indian tectonic plate and comprises the bulk of the Indian subcontinent. Rivers that flow through India, originating in the Himalayas, include the Ganges and the Brahmaputra, which both drain into the Bay of Bengal. Natural resources include: bauxite, titanium ore, chromite, natural gas, diamonds, petroleum and limestone.

The name India is derived from Indus, originating from the old Persian word for Hindu. Four of the world’s religions began here including Hinduism, Buddhism, Jainism and Sikhism.

Key facts:

Capital: New Delhi
Population: over 1.2 billion
Area: 3,287,000 km2
Districts: 463
Currency: Rupee
International Dialling Code: +91
Official Language: Standard Hindi
Main Exports: computer software, agricultural products, cotton textiles and clothing, gems, jewellery, tea
Ports: Mundra, Nhava Sheva, Chennai, Tuticorin, Calcutta, Cochin
Time Difference: Indian Standard Time (IST) = GMT + 5.30

Top Tips:

India places great value on the quality of inter-personal relationships.
Meetings can seem very informal and it’s possible for several meetings to be conducted at one time.
Most decisions are made at the top of an organisation.

Official Season Clarification:

Winter: December to early April
Summer or pre-monsoon: April to June
Monsoon or rainy season: June to September
Post-monsoon: October to December

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