Disadvantages Of Market In Singapore

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Introduction When a firm decides that it is the suitable moment for growing and expanding out of its limits, it is necessary to carry out a prior analysis of the situation and the map of opportunities. This project aims to investigate the difference between the markets in India and Singapore, to compare the advantages and disadvantages of each one, and to illustrate why we chose to expand Nutri-Wise to Singapore as opposed to India. The Republic of India is, after China, one of the world 's most populated and fastest growing markets (Khan, 2016). This South Asian country has a very favorable demography, a democratic government system and an entrepreneurial private sector. However, its enormous economic potential is hampered by deep-rooted structural problems that have long impacted GDP growth and have created constant inflationary pressures. Major problems include poor physical and social infrastructures, corruption, bureaucracy, rigid labor laws, the decline in taxation and an increase in the limitations of supply resources, especially in the energy sector, but also in the food sector. In the World Economic Forum 's Global Competitiveness Report for 2016-2017, India ranked 40th out of 137 worldwide countries (Global Competitiveness Index, 2017). Singapore is located in Southeast Asia and has a population of 5.6 million. It was once a British colonial trading post, and they have been an independent country since 1965. In 2016 Singapore had a 97% literacy rate
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