International Business Environment Essay Example | Topics and Well Written Essays - 3750 words

International Business Environment - Essay physical exerciseIndia is one of the largest markets in the world in terms of its size and with the growing GDP, the spending propensity too will increase within the conterminous decade. Although there is a certain degree of political and craft risks involved in Indian investments, these do not surpass that of any other developing nation. In terms of its tourism diligence, the local market is equally important as the foreign tourist inflows and the industry competitiveness is currently interposed in average scale though forecasted for high growth during next decade. India has changed its stance from a closed economy to a open economy with much success with a short span of time and its ranking in global trade and FDI is very promising. Many overbold initiatives and policy measures have been recently introduced to promote international trade and tourism industry in incident as well as creating favourable FDI climate. However the countr y is still saddled with bureaucratic expiration tape and administrative restrictions. Membership in WTO and being party to many regional integration agreements place India in a reliable perspective in the eyes of potential investors. The country is also extending a high regard for intellectual property rights and has already implemented WTOs TRIPS agreement. Closely managed Indian financial system is one of the key deterrence and hindrances faced by many international investors and the close examen of profit repatriation needs to be noted.