The Business Environment of India: New Mandate for Reform Harvard Case Solution & Analysis

When India gained independence in 1947, the political, social and economic future of the country was in their hands for the first time in nearly 90 years. The country embarked on a journey to establish democracy and representative government, to determine the economic development plan, and to build a society in which it is large, diverse, and fragmented populations can thrive. More than five decades later, however, opinion is divided over whether India has realized more victories and achievements that Nehru had expected. With 17% of the world's population, India has only 2% of world GDP. The per capita income is less than $ 3,000 a year, with 25% of the billion people in the country living below the poverty line. India needed to sustain double-digit GDP growth, but found only a 6.9% growth for fiscal 2004/2005. However, the country has become the 12th largest economy in the world (and the third largest in Asia after Japan and China). India has made significant progress towards the creation of the competitive position in the global economy. Its scope of services has demonstrated the potential of the country to be a pioneer. India will be to capitalize on this success, addressing barriers to growth? "Hide
by Bruce McKern, Lyn Denend Source: Stanford Graduate School of Business 39 pages. Publication Date: Aug 09, 2005. Prod. #: IB58-PDF-ENG

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