Detailed Review and Analysis of Emerging BRIC Markets

This report provides an overview of the Indian market within the context of emerging BRIC economies. It begins with background information on India, including its demographics and economic standing. The report then delves into political risks, analyzing their potential impact on businesses and investments. It examines trade barriers, including tariffs and non-tariff barriers between India and the UK, and discusses the economic environment in India, highlighting key factors such as national income, service and agricultural sectors, regulatory systems, and inflation. Furthermore, the report analyzes the advantages and disadvantages for both UK and Indian companies looking to enter new markets. The report concludes with references to relevant literature and online resources, offering a comprehensive analysis of the Indian market and its implications for international business.

Review of emerging BRIC
markets

Table of Contents
a) Background of India................................................................................................................3
b) Political risk in India...............................................................................................................3
c) Trade tariff and non tariff barriers between India and UK.....................................................3
d) Economic Environment in India.............................................................................................4
e) Advantage and disadvantage for UK or India company looking for new market..................4

a) Background of India.
India also known as republic of India. It is country in South Asia. India is democratic
country with population 125 corers according to census of 2011. It has the 7th largest area. It is
the 2nd largest populated country after China. According to statistics India has stated at 2nd
position in gross domestic product with 2848 US$ billion.
b) Political risk in India.
Political risk analyse the external resources of risk and evaluate their impact on projects
and businesses. It influences both the short term and long term profit. India is a stable democratic
country. If ruling parties are chanced then they change all law, policies and regulation according
to them. Pressure from specific groups and public is also responsible for the political
backtracking (Berardi, 2015). Decision to permit foreign investment in the retail sector is also
complicated foe example major telecom scandal in 2010 is responsible for cancellation of 122
spectrum licences. With this many foreign investor find that they have no control on external
factors that can influence their outcome positively and negatively both.
c) Trade tariff and non tariff barriers between India and UK
Both the UK and Indian government trying hard for boosting trade between their
economies. With free trade agreement between UK and India have been undertaking joint trade
review (JTR) in sectors to eliminate non tariff barrier and operating standards. It is designed to

secure the quicker trade wins by deeper and broader trade deals. Trade data shows significance
progress between 2016 and 2017 (Andreff, 2016). It increased by 15 % by reaching £18 billion
in 2017. to in form the JTR there is round business consultation in London and Delhi. Delhi
consultation organised by UK India business Council. With department of international trade.
d) Economic Environment in India.
The main source of Indian economy is national income. In this service sectors contribute
more than 50 percent of the GDP and agriculture sector contribute more than 50 percent.
Economic activities includes production, distribution, consumption and exchange. Economic
environment in India is law due to vigorous regulatory system, inflation and lack of fiscal
discipline at the government level. Huge transfer payment to the fuel, rural people, subsidiaries
for food has raised for state employee blend for economy time to time (Jürgens and
Krzywdzinski, 2016). It is difficult for foreign companies to set up business due to high risk of
rate and interest rate.
e) Advantage and disadvantage for UK or India company looking for new market.
India is one of the most powerful country with the largest democracy in the world with
relatively stable political environment. Entering in the market of India for business is
advantageous because country has large population. So it is easy to attract people towards
innovation and new products ((Andreff, 2016)). In India it is important to develop ecosystem. If
company's start up is about online shopping or with e commerce then it can lead to success. In
addition, there is higher cost, tax and regulations for staring new business in India. With this
ecosystem is not very developed in the country.

REFERENCE
Books and Journals
Andreff, W., 2016. Outward foreign direct investment from BRIC countries: Comparing
strategies of Brazilian, Russian, Indian and Chinese multinational companies. The
European Journal of Comparative Economics. 12(2). pp.79-131.
Berardi, U., 2015. Building energy consumption in US, EU, and BRIC countries. Procedia
engineering. 118. pp.128-136.
Jürgens, U. and Krzywdzinski, M., 2016. New worlds of work: Varieties of work in car factories
in the BRIC countries. Oxford University Press.
Online
Review of emerging BRIC Markets. 2019. [ONLINE] Available thought:
<https://www.ibef.org/economy/indian-economy-overview>