The survey also found that the overall attitude of the India IT companies in the implementation of the currency hedging is fairly risk averse (2014, p.592). If a multinational company has a variety of foreign exchange transactions, this is the risk of a certain exchange rate fluctuation. Therefore, if the risk is avoided, hedging is the strategy most companies are willing to choose. Petrusheva argued that the importance and significance of financial risk management in international trade financing is great. Hedging is one of the most frequently used means.
2.4.2 Impacts on Exports FDI can play an influential role in international trade integration by promoting the host country’s exports through transferring new technology to produce new products and upgrade local employment skills (Zhang, 2005). Another possibility is that domestic firms can gain benefits from the existence of Multinational Corporations in their home country by investigating and learning from those Multinational Corporations which already have their own exporting channels and experience (Aitken et al., 1997). Moreover, Multinational Corporations affiliates in host economies often hold some advantageous positions such as owning brand names and operating international distribution-marketing networks through their parent companies;
The industry was relatively more important in India than in the USA and attracted the best resources in India. In the USA, scarce resources were moving to higher value-added industries where they commanded higher returns. It opened up opportunities for the Indian software industry. In India, As of highly paid job generator, the IT industry attracted the best resources within the nation. This was a case where the USA had a strong diamond in this industry but where Indian had a comparative advantage.
This has resulted in the massive usage of IT services which in turn has burdened our environment in terms of depletion of fuel and other raw materials. The sector is reducing the power consumption of IT equipment, environmentally friendly buildings, e-cycling etc. Saving energy and fuel costs can help the firms to go green. This helps them to save costs also. The IT sector is using alternative energy sources, recycling; energy efficient lighting etc helps the company to be sustainable.
It helps both the socio economic and also technological development of the country. Still it faces certain kind of challenges and issues in its way of further development, which may become hurdles in its way of expansion. This work is going through the major challenges facing by the Indiab telecom industry today. The information collected from various journals and publications of the ministry of telecommunication and also the data published by the Telecom Authority Regulatory of India. OBJECTIVES • To understand the Indian telecommunication industry and its major developments.
Within the United States, Indians fared well in science, engineering, and management. Graduates from the Indian Institutes of Technology (IIT) became known for their technical skills. The success of Information Technology in India not only had economic repercussions but also had far-reaching political consequences. India's reputation both as a source and a destination for skilled workforce helped it improve its relations with a number of world economies. The relationship between economy and technology—valued in the western world—facilitated the growth of an entrepreneurial class of immigrant Indians, which further helped aid in promoting technology-driven
The opportunity of the promotion due to internal recruitment helps in managing of the human resources within the organization. The process of the internal recruitment brings a great load of work to the function of the HRM as all individuals for the position are required to communicated and managed with strict responsibilities in the process of Internal
They have an incentive to lobby for trade liberalization, in order to keep protectionism from causing unfavorable changes or incurring costs to them. What can be anticipated is the knowledge and technology-intensive (KTI) industries of developed country tend to gain ascendancy on negotiating platforms. Eventually, these global businesses surveil and evaluate the political and legal climate of the international fora. For instance, US business alliances, such as the Business Software Alliance (BSA) and the International Intellectual Property Alliance (IIPA) tenacious reminded the Offices of the United States Trade Representative (USTR) of the trade losses they experienced in other markets of the world (albeit the agency cast a slight doubt). Professor Drahos would argue it was also because the Japanese triumph of the industrial progress in the 80’s, which stirred up worries of the US industries and
INDUSTRIAL SECTOR : Industrial sector plays a big role as before 1990 they opened a market to invest in foreign market for earning in various sectors of steel , medicines etc. but now after 1991 it changes a lot you can directly invest in foreign markets which solve
There are many different approaches to development in which countries over the years adopted to further develop and grow their economy. Some countries adopted the approach of import substitution in which they try to decrease their dependency on other nations and protect and foster domestic small companies. The disadvantage for an import substitution based industry, ISI, is although it achieves growth it does so through a greater period of time. On the other hand, growth and development from export oriented industries, EOI, has greater results and is so much faster than import substituting industries. Examples of countries that adopted import based industries are countries of Latin America while countries that adopted Export oriented Industries are countries of East Asia.