Question

In: Economics

I want information about "India" Greetings in business and their appropriate business dress

I want information about "India" Greetings in business and their appropriate business dress

Solutions

Expert Solution

Answer--India is a democratic country and stood rank 5 in terms of GDP, before 1991 there were lots of restrictions to do business in India but after 1991 in India the Liberalization, Privatization, and Globalization introduced in India . After liberalize economy for the foreign investment, India becomes a very favorite place for business expansion because in India there are lots of resources and support is provided by the government for the both domestic and foreign companies. In India, it is also very easy to get laborers at a low cost as compared to a developed country . In India, Goods and Service Tax was introduced on 1 July 2017, by which all the indirect taxes are eliminated and it becomes one nation one tax is commonly known as Goods and service act,by GST now foreign companies don't need to pay a different type of taxes, it also helps in ease of doing business in India. In India, investors can invest in every sector of the industries, there is also no unnecessary restrictions are implemented by the government.

In India, there are both private and public industries, in which private companies are controlled, owned, and managed by the individuals or private sector wherein public industries are owned, control and managed by the government or state authorities, in India doing investment is the private sector is easy then doing investment in public sector industries. There is also the scope of partnership businesses in India, in which business is shared by all the existing partners, sole proprietorship is also very famous in India.

In India dress codes are followed in office premises, in which Formal type of dresses are followed like pant shirt or company t-shirt with formal pants.


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