Indian Business Understanding a rapidly emerging economy

The Indian economy is projected to become the world's fourth largest by 2020 and it is central to global economic performance. In a period of rapid change, understanding the business environment is a challenge. This book highlights the unique mix of challenges and opportunities for investors and organizations in India. Indian Business brings together a wide range of experts to present a comprehensive insight into doing business in India. It draws on research-based evidence and expert coverage of the emerging political, legal and social frameworks. It is divided into three parts:the Indian business context, conducting business in India, and emerging practices relevant for foreign investors. Each chapter outlines the context and justification for study, along with ananalysis of the present situation and future options. Useful features include a case study with questions for analysis, and links to useful web resources. This book provides business practitioners and students with a thorough understanding of how to start and grow successful organizations in India.

Figures, Tables, Contributors, Acknowledgements, Foreword, Part I - The Indian Business Context, 1 Introduction: The Indian Business Context, Pawan S Budhwar, Arup Varma, Rajesh Kumar and Hoa Do, 2 Economic Environment, Facts and Initiatives, BC Pradhan and SNV Siva Kumar, 3 Political and Legal Framework and Hurdles in India, Debi Saini, 4 The Indian Cultural Paradox, Kunal Kamal Kumar, Sushanta Mishra and Tony Fang , 5 Trade Unions in India: Prospects and Challenges, Vidu Baddigannavar , 6 Dynamics of Corruption and Cronyism in India, Naresh Khatri and Arup Varma , 7 Unravelling and Harnessing Indian Mindset: Implications for Organizations, Abhinash Panda and Rajen K Gupta, 8 The Challenges of Doing Business in India: An Entrepreneur’s Perspective, Raja P Pappu, Part II – Conducting Business in India, 9 Infrastructure in India: Challenges and Opportunities, Devendra Kodwani, 10 Entry Modes and Dynamics, Surender Munjal , 11Marketing and Distributing Strategies for India, Ravi Shankar and CK Sharma, 12 Improving Access to Finance in India: Three Recommendations, Soumen De, 13 Accounting Systems in India, Rajiv M Srivastava and Vivek Shabi, 14 Managing Challenges of Projects Management: A Case Study of Oil Industry, Prasanta Dey, Debashree De and Vivek Soni, 15 Management of Human Resources in India, Pawan S Budhwar, Arup Varma, Indu Rao and Sudeshna Bhattacharya, 16 HRM Practices for the Indian Context: A Mix of Modern and Traditional Perspectives, Rajesh Chandwani and Upam Pushpak Makhecha, Part III: Emerging Practices, 17 Managing Business Alliances: Experiences of an European Company in India, Claudia Muller and Rajesh Kumar, 18 Risk Management and Governance in Outsourcing and Offshoring to India, Sanjoy Sen, 19 Living in India, Arup Varma, Bhaskar Dasgupta, Pawan S Budhwar and Peter Norlander, 20 Entrepreneurial Globalization: Lessons from the "New" Indian Global Firm, Sam Hariharan and U Srinivasa Rangan, 21 adhyAtma or Spirituality: Indian Perspectives on Management, Dharm Prakash Sharma Bhawuk, 22 Corporate Social Responsibility and Voluntary Sustainability Standards: The India Story, Bimal Arora and Divya Jyoti, Index

Pawan S. Budhwar is Professor of International HRM at Aston Business School, Birmingham, UK. He is the Associate Pro-Vice Chancellor International (India) of Aston University, the Joint-Director of the Aston India Centre for Applied Research and Co-Editor-in-Chief of the British Journal of Management. Arup Varma is Professor of Management at Loyola University Chicago, USA. His research interests include performance appraisal and expatriate issues. He has published articles in leading journals, including the Academy of Management Journal, Personnel Psychology, and the Journal of Applied Psychology. Rajesh Kumaris currently the Principal of International Strategic Consultants (www.internationalstrategicconsulting.com), an international business advisory consultancy. Prior to this, he was Professor of International Business at Menlo College, CA, USA. His expertise lies in the area of managing strategic partnerships, negotiating across cultures and managing in emerging markets.