Business Environment - China Vs India

"For Australian companies wanting to expand overseas business, China is more attractive than India." To what extent do you agree with this statement? Prove your answer

According to data of A T Kearney (India News Trust, 2007a), a global strategic management consulting company, China and India ranked No. 1 and No. 2 among the ideal direct investment destination in 2007. These two countries are often compared with each other because of geopolitical, economic and demographic similarities. In this article we will examine the business environment of both countries from the viewpoints of politics / law, economics, social culture, technology in order to judge which is attractive for business.

Both China and India have troubling bureaucracy created by history and tradition. Since opening up the market to foreign investors in 1978 and India in 1991, China has gradually shifted from a central planned economy to a decentralized economy. However, in addition to the ongoing movement to provide a better environment for companies, there are major problems.

After recognizing that foreign investment is the main cause of national economic growth, the Chinese government gave foreign investors a special offer (Financial Express, 2006). This is achieved mainly by lowering the MFN tariff rate. Meanwhile, in India, there is fair competition among domestic and foreign investors. The Government of India says it is aimed at lowering the MFN tariff rate of China to double the level of other ASEAN countries, but since most of the tax revenue is due to tariffs, in fact it is a big issue (Henry, 2004).

In developed countries it is over 75%, while in Indian adults only 5% is taxed. The other 2% are taxed only in India, 9% in China, 6% in Brazil, 33% in Russia and 55% in the US (This is related to socialism and right wing policy and maturity. National tax economy). For a population of 34 billion - India has one bank branch, 25,000 people, one ATM, 8,000 people. At 26 million credit card holders and 600 million debit cards (less than 10% of which are actually active outside ATM cash payments), 210 million people before 9/11 Please do not forget "Jan Dhan (JD)". account

Business environment - China and India seeking expansion of overseas business for Australian companies "China is an attractive area than India. "You agree to what extent you will justify your answers - Purchase of land, and in our life, to land ownership and to its descendants Land owner As you have the right to have it and it is free to build.Unlike in lean practice we use in the US, in contrast to the lean practice in the US, "Lean". One of the largest target companies trying to achieve is to do more with less resources. Because of the large Chinese population (1.6 billion), they want to create as many jobs as possible

Western Europe's growth model I want to imitate India and China is inherently toxic. It uses huge resources - energy and materials - and produces huge waste ... it remains many steps behind the problems it produces. India and China have no choice but to open the way for development - Sinita Narain (2006), Director of New Delhi Science and Environment Center (2006) China and India will be chosen over the next few years as the world's growing ecological future A path of development that leads to academic and political instability - or a development path based on better management of effective technology and resources - the 2006 World World Report on Worldwatch Institute