Growing Importance of India For Investors (ie, India is the next Essay

Growing Importance of India For Investors (ie, India is the next China) - Essay Example The economic reforms introduced in early 1990s have boosted the economy’s growth. Tariff barriers were brought down. Foreign players could enter and thus the private firms had to compete with the best. Exports rose up. Indian firms are rapidly becoming global like Bharti Airtel has entered African market. Unlike China, India’s growth cannot be attributed to just the public sector. There are about 45m entrepreneurs in India. India’s informal sector is also doing well. Indian businesses majorly cater to the need of their domestic consumers and also export various services. Indian firms successfully satisfy the needs of money conscious customers in India who love low priced goods. Tata Filters for example manufactures a water filter that can provide safe drinking water at a meager charge of rupees 30 a month. Indian firms are coming up with new products as well as new business models. HCL technologies improve the IT system of their clients on the condition that they will charge only if their clients gain. Moon B. Shin of LG electronics sees immense opportunity in the Indian market. They are manufacturing low priced goods and goods suited to the liking of Indians. The infrastructure in India is poor. Roads are bad and traffic conditions do not depict a rosy picture either. Power shortage is another problem. McKinsey predicts that Indian growth will be five fold in the next 20 years. India will have to spend $1.2trillion on infrastructure in future. India lacks in skilled workforce. There are only 16 Indian Institute of technology in India. Universities do not impart useful knowledge and companies have to spend a lot for their training. India’s adult literacy rate is 66% compared to 99% of China. Corruption exists everywhere. Instability in the form of Naxalite movement is affecting mining and logging firms. Populism whereby politicians discourage businesses for their own interests is a major obstruction to growth. The government is making

Analysis of relationship marketing Essay Example | Topics and Well Written Essays - 1250 words

Analysis of relationship marketing - Essay Example "All too often, many of us go to the dealer with the idea that we'll get the best deal for our money, only to be tricked and manipulated into paying more or buying a model that we don't want. In tact, African Americans consistently overpay--an average of $315 more than other car purchasers--according to a study done of 750,000 actual purchases in 1999 and early 2000 by the National Bureau of Economic Research" (Jackson, Car Buying 101: Buying a New Car in a Few Simple Steps, 2004: 195). The above mentioned statement automatically shows the importance of a website that provides a service through which a customer would buy a car that he/she wants and that with the terms decided, and there when the importance of Edmunds.com is identified, Edmunds.com includes all the data on the new and used cars, from features to the prices of cars, from test drive videos to the tips to maintain such cars, almost every thing appears on the website, including the ways through which "you" can become car's owner, it includes ownership plans, the leasing and all useful material. Few good features of the company include the information through the wireless edmunds.com, the site know as Edmunds2Go!, which is accesible through the PDAs and internet enabled cell phones, another benefit the visitors get is that the company circulates free email newsletters to its voluntary subscribers, another most thrilling feature that is used by the edmunds.com in the most impressive way is its true market value pricing tools, actually launched in the year 2000, "The Edmunds.com True Market Value New Vehicle Calculator provides the estimated average price consumers are currently paying when buying new vehicles. The Edmunds.com True Market Value Used Vehicle Appraiser estimates the actual transaction prices for used vehicles bought and sold by dealers and private parties" ( from Wikipedia, free encyclopedia). So it is the best what company can provide with in its limit to the visitors, the best outcome of launching such tool is that, people from all around the world now log in to find the actual prices of cars all around the world, it is perhaps the best service an automotive website can provide, it is considered to be the most innovative idea by the web operators to bring such a change in the website, the other such online services and tools include TMV new vehicle calculator which estimates the price that the buyers are paying to the dealer for the ownership of new vehicles, TMV finance rate estimator which gives the idea of how much of loan can be obtained and what is in relation to it and the ownership of car, Edmunds.com has another feature added recently which shows how much it would cost if the buyer would buy a car in full terms ownership, it is known as True Cost to Own SM