PESTLE Analysis for Business Environment of Canada and India

RUNNING HEAD: PESTLE ANALYSIS
MANAGEMENT
BUSINESS ETHICS

RUNNING HEAD: PESTLE ANALYSIS 1
Contents
Introduction................................................................................................................................2
PESTLE Analysis.......................................................................................................................2
Conclusion..................................................................................................................................4
Bibliography...............................................................................................................................6

RUNNING HEAD: PESTLE ANALYSIS 2
Introduction
The report focuses on the management concept of Pestle Analysis. It includes
detailed information about the business environment of both countries. The key purpose of
the report is to analyze the similarities and differences prevailing between Canada and India.
PESTLE Analysis
PESTLE is a framework to analyze the external business environment of a country. It
takes into account Political, Economic, Social, Technological, Legal and Environmental
factors. It minimizes the possibility of business risk as it provides information based on
opportunities and threats offered by a country for the business organization (Perera, 2017).
Political
It focuses on the political situation and includes factors like government integrity, tax
rate, and government stability (Robertson, 2015).
Government integrity and judicial effectiveness are mediate in India. Additionally, it offers a
moderate amount of business freedom as well. The government charges a Corporate Tax of
32.4% (Heritage, 2019).
In terms of Canada, government integrity and business freedom are high.
Additionally, corporate tax counts to 15% (Heritage, 2019). In the presence of fine
government integrity, business freedom and lo corporate tax rate, the organization can easily
conduct its business operations.
Thus, it is clearly stated that Canada offers a better political environment for business
organizations.
Economic
It takes into account elements like Gross Domestic Product, Per Capita Income,
Inflation rate, unemployment rate, and economic growth of the country (Wallis, 2017).
The Gross Domestic Product of the country counts to $9.5 trillion with a growth of
6.7%. The Per Capita Income is $7183. Additionally, the unemployment rate is mere 3.5%
and the inflation rate is 3.6% (Heritage, 2019).