From a farmer in dhoti kurta to a businessman in suit and tie, India has transformed in leaps and bounds. Today even the remote villager is a businessman. He has a mobile phone, a cycle to travel and books of accounts.
The city has become one beehive destination. Every second person has plunged himself into work, even the household wife has moved out and tried her luck and has been good? Infact she has been excellent. This is because the government promotes business opportunities in India and takes care of the meek and distressed.
For instance there are tax subsidiaries on a variety of food items that a farmer cannot afford, so he can enjoy the tax exemption. Women are not taxed up to 135000, so they have less tension to bear.
With liberalization in India the markets opened up to foreign investors that dived to this opportunity. Nevertheless in a consumer state like Kerala and Mumbai, native businessmen thrive. In spite of the heavy competition from foreign nationals many are able to sustain and profit.
This is because starting a business in India is not a gruesome task. The government gives subsidy, and with the right contacts you can start off to a new business life. Maintain a few regulations and you will never be on the wrong side of law. Then with quality and the right business practices you can make your living.
In the beginning markets in India were unorganized but with the influx of foreign nationals, hailing native promoters, business etiquettes in India have been given more importance. The market has gotten organized and benefits one and all.
Business etiquettes are interrelated to the market. If one follows wrong practices then it impacts the other that would take the industry downwards. To maintain scruples in the market, there are organizations and unions that have been formed. Companies that form members with these countries organizations get credible in the eye of the customer and gain an advantage.
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