Essay on Bicycles in the Developing World

Submitted By mrsecretagentguy
Words: 679
Pages: 3

Bicycles in the Developing World

1. India is located in southern Asia where it shares borders with Pakistan, China, and Burma. The greater part of the country extends into the sea where it divides the Indian Ocean into the Arabian Sea and the Bay of Bengal. India is the 7th largest country in the world, with a geographically diverse land mass that exceeds 2.9 million sq. km. The southern portion is covered by the Deccan plateau while in the northern area the Indo-Gangetic plain reaches from the west coast across to the east and bordered in the north by the Himalayas. The population of India is spread across the Indo-Gangetic plain and along the areas bordering the Arabian Sea. India experiences a selection of differing climates that range from tropical in the south, arid deserts in the west, sub-tropical monsoon climate in the east, and temperate in the north. India has the fourth largest coal reserves in the world, along with an abundance of other valuable resources such as iron ore, manganese and bauxite.
2. The economy of India is developing into and open-market economy, which in recent years has been accelerated by a reduction in government control of foreign trade and investment. Due to a large educated English-speaking population, India has developed a growing export market for IT services and software developers. The remainder of the labour force works in agricultural and manufacturing sectors. In 2010, India’s economy rebounded from the global financial crisis due to strong domestic demand; however high inflation and interest rates, coupled with low export demand, stalled growth in 2011. Recent projections by the Indian finance ministry indicate that the economy is predicted to grow by 8% each year for the next two years.

3. According to the Investment Finance Corporation, India ranks 132nd out of 183 for the “Ease of Doing Business”. Particular topic rankings that are concerning are the ease of dealing with construction permits (ranked 181st), enforcing contracts (ranked 182nd), paying taxes (ranked 147th), and the process of actually starting a business (ranked 166th). In particular the judgement and enforcement of contracts on average takes over 3.5 years to resolve.
4. While trying to enter the country of India with the intention of selling out bicycles to the developing world our firm will face trade regulations. Though there are not too many restrictions to products that can be moved into the country, just those on the negative list are strictly scrutinized by the government. Yet one regulation companies will face when working within or exporting to India is taxation. Effects of taxes will…