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What is International Business?
Features of international business:
- Large Scale Operations
- Integration of Economies of many
- Dominated by developed countries and
- Keen competition
- International restriction
- Sensitive nature
Advanced Mixed Economy
Member Of WTO,APEC, NAFTA Etc.
World's Largest Producer Of Both Electrical
And Nuclear Energy
Leading Exporter Of Wheat And Corn And
Ranks Third In Rice Exports.
Defense And High Quality Products
Second largest country in the world
Land mass- 10 million sq.kms
Official languages – English and French
Currency Canadian dollar (CAD)
GDP – purchasing power parity $1.564
Member of , APEC, NAFTA,WTO, Organization
for Security and Cooperation in Europe etc
Indians are now the second-most populous
cultural group immigrating to Canada, behind
India, Officially The Republic Of India Is A
Country In South Asia.
Second-most Populous Country
Tenth-largest By Nominal GDP ($1.84
Third-largest By Purchasing Power Parity
Milk Is India's Largest Crop By Economic
The Service Sector- 55.6% Of
GDP, Industrial Sector-26.3%, Agricultural
34,951,600 (October 2012)
km2 (1,269,210 sq mi)
km2 (3,678,190 sq mi)
9,984,670 km² (3,854,085 sq
370/km2 (958.2/sq mi)
33.7/km2 (87.4/sq mi)
3.41/km² (8.3/sq mi)
Mumbai – 13,922,125
New York City – 8,363,710
democracy and Constitutional
Hindi and English, 21
English (de facto)
English and French
80.5% Hinduism, 13.4% Islam,
1.9% Sikhism, 0.8%Buddhism,
78.4% Christianity, 16.1% non67.3% Christian 3.2% Islam,
Religious, 1.7% Judaism,
1.0% Jewish, 1.1% Buddhism,
0.7% Buddhism, 0.6% Islam,
1.5%Hinduism, 1.4% Sikhism
$1.848 trillion ($1,389 per
$15.094 trillion ($48,386 per
$1.396 trillion ($40,541 per
$4.515 trillion ($3,694 per
$15.094 trillion ($48,386 per
$22.8 billion (1.5% of GDP)
2,765,815 People of Indian
60,000 American born people
origin living in the United
living in India
11,65,145 People of Indian
origin living in Canada
Exports include: information technology
services, textiles, machinery, gems and diamonds,
chemicals, iron and steel products, coffee, tea, and
other edible food products.
Imports include: aircraft, fertilizers, computer
hardware, scrap metal, and medical equipment,
space craft and others.
Balance (All figures are
• Largest trade relationship in the world
• In 2012, US merchandise trade with Canada
consisted of $324.2 billion in imports and
$292.4 billion in exports
Balance (All figures
are in millions)
• Canada has nuclear trade with India.
• Bilateral merchandise trade between India
and Canada increased 23.4% to 5.2 billion
• India’s export to Canada was $2.5
billion, while import was $2.6 billion in
Issue between India & Canada
Global retail giant
FDI Norms 30% local sourcing
To protect interest of Indian small scale industries
Health & safety laws (avian influenza)
Increase of import duty
To safeguard the interest of Indian farmers
WTO Dispute Settlement Panel
Balance of payments
A mechanism that deals with the
production, distribution, and consumption
of goods and services
◦ Market economy
◦ Command economy
◦ Mixed economy
Why is the U.S.-India Strategic Dialogue significant?
What are the major issues that will be discussed?
What can be achieved during this round of the
What economic concerns will the two sides want to
How will civil nuclear cooperation factor into the
What is the current state of relations between
Washington and New Delhi?
Recommendations for India
-Expand the basis for collaboration
Undertake planned second-generation economic
-Encourage foreign direct investment (FDI).
-Improve defense cooperation with key states.
-Influence Iranian calculations
Opportunities Unbound: Sustaining the
Transformation in U.S.-Indian Relations
Recommendations for the United States:
- Explore a free-trade agreement with India.
-Sustain leadership attention.
-Seek a deeper partnership on Afghanistan.
-Build up India’s defense capabilities
According to Statistics Canada, bilateral merchandise trade
between Canada and India in 2011 totaled approximately
CAD$ 5.2 billion, an increase of 23.4% percent 2010.
While Canadian merchandise exports to India in 2011 totaled
$2.6 billion (a 27.7% percent increase 2010), imports from
India reached $2.5 billion (a 19.3% percent increase from
Distribution of Income
Life Style Changes
Demographics & Distribution of Income
◦ Division of population - Male / Female
◦ Age Group of the Population
◦ Disposable Family Income
Disposable Income in the hands of the different Age
Education Level of the Age Groups
Life Style Changes & Consumerism
◦ Attitude to living
Different Age Groups
In tune with available disposable income
Thrust on taking care of present needs by spending
than saving for the future.
Joint living and nuclear families
Availability of various media tools
Reach of the media to the population
Family is the first priority.
Children are celebrated and sheltered.
Wife fulfills domestic role.
Mobility is limited.
Family is usually second to work.
Children often minimally parented; are
Wife often fulfills dual roles.
Mobility quite common.
"Master of own life" outlook.
Emphasis on theoretical.
Rigid, broad curriculum.
Emphasis on the practical.
Narrow, in-depth specialization.
Very religious & culturalistic
Proud of long history and traditions.
Reluctant to settle outside India.
Proud of "American way of life."
Assumes everyone shares his/her materialistic
(Canadian) Less than U.S.. Often has more "
Difficulty separating work and personal
Sensitive to differences of opinion.
Fears loss of face, especially publicly.
Separates work from emotions/personal
Sensitivity seen as weakness.
Tough business front.
Has difficulty with subtlety.
"Old world" formality.
Formality often sacrificed for efficiency.
"Let's get to the point" approach.
Dress and grooming are status symbols.
Appearance is secondary to performance.
Title and position more important than
money in eyes of society.
Money is main status measure and is
reward for achievement.
Aesthetic side of life is important even at
No time for "useless frills".
Truth is tempered by need for diplomacy.
Truth is a relative concept.
Direct Yes/No answers given and expected.
Truth seen as absolute value.
MCDONALD AND HINDU CULTURE
McDonald’s is the world’s largest user
“Maharaja Mac” – which
is made of mutton.
“McAloo Tikki Burger”, which is
made from chicken.
Found beef extract in the oil.
Close McDonald’s 27 stores in the
COCO COLA: Labeled “No- alcohol”
on their bottles supplied
to the Gulf countries.
NOKIA: Introduced Hindi language SMS
for Indian users.
A surprising demographic trend is that both China and India have more
than twice as many English-speaking college graduates each year than
does the United States.
Reproduced with permission from Short, J. C., Bauer, T., Ketchen, D. J.,
& Simon, L. 2011. Atlas Black: The Complete Adventure. Irvington, NY:
Providing India with internet access anywhere there
is electricity and Canada with commercial
Reducing the Time and Cost of Aircraft
Development and improving passenger safety
Developing affordable drugs to better treat and
Developing environmentally sound fuels that
increase the competitiveness of the aerospace
Match-Making Mission in Water Technologies
Low-Cost Medical Technologies
Arsenic Removal from Drinking Water
Changes In Geography, Supply, Sectors
Global Trade Growth To Become More
US Aims To Expand India Arms Trade By “Billions
Trade Between India, US On Track To Cross
100bn This Year
Ford Plans To Make India An Export Hub
Current Bilateral Trade - $5.2 Billion
Increase To $15 Billion Is Expected By 2015
Transportation And Communications Sectors
Canadian Manufacturing Facilities
Jobs Created Are Based At Plants In India
Some Of The Deals:
Prairie Pulp & Paper Inc With Central Pulp & Paper Inc
Taraspan Of Kanata And Tulip Telecom
Oil Exports To USA Rising
Importance Of International Business