business environmental analysis 2

Date: 2019-12-18

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Unemployment in Canada is considered to be about 8.6 on its population while in India its 6.8 this shows that unemployment is high in

Canada compared to India.Reports also state the Canadian inflation is 1%while in India its about 6%.India's economy is slowly declining

and it no longer the fastest growing economy in the world a few years ago India thrived in business environment and a lot on

investorswanted to invest in the firsts growing economy in the world.Reports show that the growth if India has declined by five percent this

has caught the attention of many markets globally thus the economic conditions in India are not goodsince it has recorded a slow growth

rate thus affecting a lot of businesses in India.Here are some of the challenges facing the development of the economy in India there is the

institutional and structural problems which have constrained the country from releasing its economicUnequal income distribution has to all

places have curbed the continued expansion of domestic consumption, the biggest drive for India's economic growth thus slowing down

development since different areas get"private land ownership plus agricultural land leasing" has increased the difficulty of land acquisition,

this is because a large number of population in India is faced with poverty this makesit difficult for the poor to own land ,mostly land is owner

by rich people .The education system has made many young Indians unqualified workers for modern industries.To a large extent, this is

because they lack the knowledge and skills needed to work in the industries they also lack the experience to deliver on their jobsAlthough

the Indian economic growth has declined for the last few years than that of china and a lot of undeveloped countries.The government just

has to strive had and provide enough jobs for its population so that they maintain economic stability. Moreover, although some of the reform

measures implemented by the government of Prime Minister Narendra Modi during his first five-year tenure have brought certain shocks in

the short-term, they willhave long-term positive effects on the country's economic and social development thus this affect the business

environment.( King, 2017)For India to boost its economic growth the government should set goals and come up with projects that they will

fund so that they can help boost the economic growthof India and this will affect the business environment positively. The Indian government

has formulated plans to become a $5-trillion economy. improving its business environment should be a top priority and a breakthrough point

for India, when the business environment of a country is positive the country tends to thriveand make more money however when the

business environment of a country is negative a country can loose a lot of money since a lot of investors will either pullout from their

investments or it will contribute to India’s economic instability. When it comes to attracting foreign direct investment, especially from foreign

manufacturers, India has relied too much on compulsory measures like unilaterally increasing tariffs on finished products to force

manufacturersto set up factories locally, rather than improving its business environment. The approach cannot help significantly improve the

country's efficiency, but instead may have negative effects like rising up of domestic costs and inflationary pressure, which also provides

negative incentivesfor Indian governments at all levels to improve public services. The economy of Canada is a highly developed market

economy.Canada has a stable economy and it is the 10th largest GDP by nominal and 16th largest GDP by PPP in the world.Canada’s

economy is dominated by the service industry which employs about three quarters of Canadians.Canada has the fourth highest total

estimated value of natural resources , valued at US$33.2 trillion in 2016.,this alone bring a lot of income to the country that helpIt has the

world's third largest proven petroleum reserves and is the fourth largest exporter of petroleum this makes Canada economically stable and

it has positive business environment. It is also the fourth largest exporter of natural gas. Canada is considered an “energy superpower “due

to its abundant natural resources and a small population of 37 million inhabitants relative to its land area. Canada is one of the largest

contributors to European Union it also has one of the best healthcare systems in the world.Their education and schools offer quality

education to all their students thus Canada is comically stable and it has a positive business environment.In conclusion both Canada and

India have good relations in business with Canada funding most of the projects in India,inoder for India to provide a stable business

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environment it hasto implement all the things to contribute to that like equal distribution of resources and the government should fund and

set goals to achieve economic stability.

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in this context, improving its business environment should be a top priority and a breakthrough point for indiatoo much on compulsory

measures like unilaterally increasing tariffs on finished products to force manufacturers to set up factories locally, rather than

improving its business environment.

http://www.globaltimes.cn/content/1163818.shtml

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12 Jun 2019 · Like other developed nations, Canada's economy is dominated by the service industry, which employs about three

quarters of Canadians.

https://www.quora.com/Does-oil-have-an-important-role-in-the-Canadian-economy-at-the-same-level-as-Saudi-Arabia-Iran-or-

Venezuela

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the economy of canada is a highly developed market economy. it is the 10th largest gdp by nominal and 16th largest gdp by ppp in

the world.

https://en.wikipedia.org/wiki/Economy_of_Canada

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canada is considered an "energy superpower" due to its abundant natural resources and a small population of 37 million inhabitants

relativethe united states is by far its largest trading partner, accounting for about 73% of exports and 63% of imports as of 2009.[44]

canada's combined exports...

https://en.m.wikipedia.org/wiki/Canadian_Domestic_Market