Return to Menu
Business & Personal Finance - Student Center Glencoe Online
Finance Home Product Information Site Map Search Contact Us

International Finance

Chapter Twenty-Two: India

India makes up about 75 percent of the South Asian subcontinent. Much of the country forms a peninsula that juts southward into the Indian Ocean. The country’s northern border, however, is rimmed by two great walls of mountains—the Himalayas and the Karakoram. At India’s center, a third mountain range is surrounded by deserts, rain forests, and the fertile Ganges Plain. The Ganges River, flowing more than 1,500 miles across the plain, is India’s longest waterway, believed by many to be sacred. Each year pilgrims come, by the millions, to bathe in its purifying waters. India was ruled by the British from the 1700s to the mid-1900s. In 1947 Indian leader Mohandas Gandhi led the country to independence and a democratic government.


What Time Is It in India?

India is ten and one-half hours ahead of Eastern Standard Time. When it’s 10 a.m. in Washington, D.C., then it’s 8:30 p.m. in India.


People

India has the world’s second largest population. The country’s inhabitants date back 5,000 years when well-planned cities were built in what is present-day Pakistan. Numerous ethnic groups, who speak more than 14 major languages and over 1,000 dialects, make up the population. The majority of Indians practice the Hindu religion, although India has one of the world’s largest concentrations of Muslims. Today, divisions among the people stem more from religious and language differences than from ethnic background. Most Indians are villagers who farm for a living. Others of the population are attracted to a more fast-paced life in the cities.


Doing Business in India

If you are planning to do business in India, here are a few tips you might want to know.

Greetings

  • Westernized Indians will initiate handshakes. The traditional Indian greeting is the namaste—hold the palms of your hands together beneath your chin, as if in prayer, and bow slightly.
  • When addressing someone, always use professional titles, such as Professor or Doctor, when relevant. Otherwise use Mr., Mrs., or Miss. Use first names only when invited to do so.

Gestures

  • Except for handshakes, avoid touching. For example, never touch someone on the head (even to pat the head of a child) because the head is considered the seat of the soul.
  • Never stand with your hands on your hips. It will be read as an angry and aggressive stance.
  • Never point with your fingers or feet. Feet, in particular, are considered unclean. Should your feet (or shoes) touch someone else’s, apologize.

Protocol

  • Make business appointments two months earlier by mail, and be sure to contact the company’s top executives.
  • Be punctual, but be prepared for last-minute changes in schedules.
  • Business is carried out on a personal level. Expect small talk and refreshments before discussions.
  • Dress conservatively, but it’s best not to dress in leather goods. Hindus believe cows are sacred.

Want to know more about India?

Visit www. Britannica.com.

 


   
McGraw-Hill/Glencoe
The McGraw-Hill Companies
Business & Personal Finance Business & Personal Finance