Labor Management Practices in India

Businesses have huge market opportunities in India, especially in such areas as healthcare, information technology, agriculture and tourism sector (Guenthner, 2009; Timmons, 2007) . As the divisional president of this company I foresee an immense investment opportunities in this country, not only at the national level but also at the state level. In order to put the investment prospects of India into perspective, I will present a profile of the labor management practices in India as well as a specific sector of that country's economy in which this company can invest profitably. I will start by presenting an executive summary of the country's political, social and economic system.

Executive Summary

Originally, India was operating an autarkic economic system. However, since the 1990s, the government of India introduced some policy reforms aimed at liberalization of the country's economy. As a result, the country is gradually becoming...
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