Peculiarities of Doing Business in India

2024/2025

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

School of Asian Studies

Course type:

Elective course

When:

1 year, 4 module

Instructor

Kharina, Olga

Course Syllabus

Abstract

The discipline will provide a detailed understanding of the main trends of business development in India. The course has an applied orientation and is based on the study of business practices, which will help to form a complete picture of the legal, economic, political and cultural peculiarities of India in the context of business communication. In addition, the course will focus on strategies and opportunities for Russian companies to enter the Indian market.

Learning Objectives

• Formation of a holistic understanding of the peculiarities of doing business and communicating with partners from India in the context of shifting the vector of Russian policy towards the Eastern direction;
• Developing a basic understanding of the political-institutional, economic, and legal environment for business in India;
• Understanding of general characteristics of economic and socio-political processes in India to specific cases, without which it is impossible to understand the practical side of cooperation;
• Acquiring skills in market analysis, marketing strategy development, logistics planning and personnel management, taking into account Indian business culture and legislative peculiarities;
• Acquisition of both theoretical knowledge and practical skills, which will allow students to unlock the potential for professional growth and a successful career in international business.

Expected Learning Outcomes

• A student understands the structure and dynamics of India's economy, including its key sectors such as agriculture, industry, and services.
• A student explores the impact of economic liberalization in the 1990s and its ongoing effects on India's economic growth and development.
• A student analyzes the role of government policies in shaping economic processes, including recent initiatives like 'Make in India' and 'Digital India.'
• A student examines the socio-economic challenges India faces, such as poverty, unemployment, and income inequality, and their influence on economic processes.
• A student is able to discuss the influence of globalization on India’s economy and how it integrates with global markets and trade systems.
• A student understands the structure and functions of India's political system
• A student explores the key features of India's Constitution and its role in shaping the political landscape
• A student analyzes the socio-political challenges facing India today, including issues of caste, religion, and economic inequality.
• A student understands the key components of India's business environment, including the regulatory framework, economic policies, and market dynamics.
• A student explore the role of various sectors in India’s economy and how they contribute to the business environment.
• A student analyzes the impact of government initiatives and reforms on the ease of doing business in India.
• A student can discuss the influence of global trends and trade relations on India's business environment.
• A student understands the various legal forms of business entities in India and their implications for entrepreneurs and investors.
• A student explores the key aspects of labor laws in India, including employee rights, working conditions, and employer obligations.
• A student can analyze the Indian taxation system, focusing on corporate taxes, Goods and Services Tax (GST), and compliance requirements.
• A student can discuss the challenges and opportunities in navigating the legal landscape for both domestic and foreign businesses in India.
• A student understands of the cultural nuances, ethical considerations, and effective communication strategies when conducting business with Indian partners.
• A student analyzes the Indian taxation system, focusing on corporate taxes, Goods and Services Tax (GST), and compliance requirements.
• A student understands the key factors contributing to the success of prominent businesses in India.
• A student analyzes how Indian companies have navigated challenges such as market competition, regulatory changes, and cultural diversity.
• A student can discuss the role of innovation, leadership, and customer-centric approaches in building successful businesses.

Course Contents

• Peculiarities of economic processes in India
• Modern socio-political system of India
• India's business economic environment
• Legal Specifics of India: Business Forms, Labor Laws, and Taxation
• Business Ethics and Communication with Indian Partners
• Technological Aspects: IT, Innovations, and E-Commerce Trends in India
• Analysis of Successful Business Cases in India
• The business game "Path to Success: Conquering the Indian Market"

Assessment Elements

• Activity
• Presentation
• Midterm test
• Final test

Interim Assessment

• 2024/2025 4th module
  0.3 (giving a presentation on the topic of the class) + 0.2 (activity in class) + 0.2 (midterm test) + 0.3 (final test)

Bibliography

Recommended Core Bibliography

• A business of state : commerce, politics, and the birth of the East India Company, Mishra, R., 2018
• Bagla, G. (2008). Doing Business in 21st-Century India : How to Profit Today in Tomorrow’s Most Exciting Market. [Place of publication not identified]: Business Plus. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=767029
• Banga, K. (2019). Digital technologies and “value” capture in global value chains: Empirical evidence from Indian manufacturing firms. https://doi.org/10.35188/UNU-WIDER/2019/677-7
• Ramírez, P. (2014). National innovation systems and learning, upgrading and innovation in services GVCs: Lessons from India, Ireland and Eastern Europe. Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
• The state, society, and foreign capital in India, Shin, S., 2018
• Без оглядки на богов : взлет современной Индии, Льюс, Э., 2010
• Внешнеэкономическая политика Индии в условиях либеральных реформ : автореф. дис. ... д-ра экон. наук : 08.00.14, Галищева, Н. В., 2013
• Индийское притяжение : бизнес в стране возможностей и контрастов, Грива, Е., 2024
• Индия. Политическое развитие и внешняя политика. Информационные базы, экономика и финансы : учеб. пособие, Лунев, С. И., 2006
• Нарендра Моди. Лидер современной Индии, Кашин, В. П., 2020
• Правовые системы современного мира : учебник для вузов, Марченко, М. Н., 2008
• Проблема выводного знания в Индии, Канаева, Н. А., 2002
• Разноуровневые правовые системы : монография, Исаков, И.Н., 2021
• Экономика Индии: общая характеристика, Широков, Г. К., 1980

Recommended Additional Bibliography

• A political economy of the United States, China, and India : prosperity with inequality, Sharma, S. D., 2018
• Alpina - 3123 - Н.Нилекани - Образ новой Индии: Эволюция преобразующих идей - 9785961439472 - Альпина Паблишер - 2010 - https://hse.alpinadigital.ru/book/3123
• Business and community : the story of corporate social responsibility in India, Sundar, P., 2013
• Indian private international law, Jolly, S., 2021
• Григорьева, С. В. История Индии в новое время. Документы и материалы : учебно-методическое пособие / С. В. Григорьева. — Нижний Новгород : ННГУ им. Н. И. Лобачевского, 2023. — 58 с. — Текст : электронный // Лань : электронно-библиотечная система. — URL: https://e.lanbook.com/book/344654 (дата обращения: 00.00.0000). — Режим доступа: для авториз. пользователей.
• Деловая Индия. [Т.1]: ., , 2002
• Деловая Индия. Т.2: ., , 2004
• Индия в культурном пространстве России. XV - XX века, , 2023
• Пустовалов, Е. В. Правовые проблемы защиты прав налогоплательщиков в рамках процедур обмена налоговой информацией в государствах БРИКС (на основе анализа правовых систем России, Индии и ЮАР) : монография / Е. В. Пустовалов , под научной редакцией Д. В. Винницкого. — Москва : Юстицинформ, 2023 — Том 4 — 2023. — 256 с. — ISBN 978-5-7205-1937-7. — Текст : электронный // Лань : электронно-библиотечная система. — URL: https://e.lanbook.com/book/333632 (дата обращения: 00.00.0000). — Режим доступа: для авториз. пользователей.

Authors

• Перлова Юлия Валерьевна
• Kharina Olga Aleksandrovna