![\"\"](\"\/wp-content\/uploads\/tcm-india.jpg\" "\\"\\"")
<\/figure>\n<\/div>\n\n\n\u00a0Rising Elephant<\/em>India, as Ashutosh Sheshabalaya (founder of the International network company IndiaAdvisory in our own backyard Hainaut) describes the country, does not need an introduction. Or as professor Salvatore Babones labels India inForbes<\/a>as \u201ca country of contrasts\u201d. \u00a0Perhaps we also have to add a new sort of reflection to the typical list of colours, flavours and customs that automatically pop up in our mind when we think about India. What about a country ofhuge possibilities<\/strong>for (Western) businesses? In that case, our local partner,MNS Credit Management Group<\/a>, can offer support to Belgian gold diggers.Let\u2019s briefly list up the most important Indian evolutions and their economic impact:<\/strong><\/p>\n\n\n\n India will soon (if not already) bethe country with the largest population<\/strong>, following China on its heels. But unlike China, and many Western countries, India is not yet suffering from an ageing population and its active, young population is growing faster than the total population. This young guard also receives an increasingly better education. Increasing incomes will result ina broader middle class<\/strong>and higher purchasing power. So India might therefore becomea (larger) potential market<\/strong>for your product or service than you initially considered. \u00a0<\/p>\n\n\n\n However, we should use the term middle class with some caution.Rob R\u00fchl<\/a>, ING economist and author ofThe India Challenge<\/em>report, predicts that by 2020 only 50 million Indians will earn $10 000 or more ( a year). And there arehuge regional differences<\/strong>. Babones even writes that we can only talk about a middle class in India when all states in the country can enjoythe Incredible India Economy<\/em>at the same level. India’s current Prime Minister, Narendra Modi, promises to work on this in detail with his election sloganSabka Saath, Sabka Vikas<\/em>(together with all, progress for all). For example, he wants to bring electricity to all Indians through mass investment in solar energy. Now tens of millions of inhabitants still have to make do without electricity. \u00a0<\/p>\n\n\n\n In addition, the growing young population, yearning for progress, also createsa larger pool of labor force<\/strong>. Considering aligning your product with that Indian middle class might lead to an immediate increase of potential sales, according to R\u00fchl, but with the condition that production also takes place in India. Because your product needs to be adapted to the Indian market, and therefore it is also convenient to produce on site. In the opposite direction, labor costs in India are low, but product optimization has been the trend since the 1990s. The country is the rightbreeding ground to feed both import and export opportunities to or from India<\/strong>. The chance of breaking even in India within a few years is very high, according to R\u00fchl, at least when companies adapt to local customs. \u00a0<\/p>\n\n\n\n In turn, many Indian companies (such asTata Group<\/a>or Mittal Steel, nowArcelorMittal<\/a>) have found their way into the Western world and, thanks toIT innovations and highly-skilled management talen<\/strong>t (often placed in Western top positions), have createdgreat added intellectual value<\/strong>. Vice versa (according to Sheshabalaya inTrends<\/a>) “India’s top private companies have perfectly understood that we are evaluating from a global economy based on products for Western consumers, to a model with mass production in which price is all-important, with a big scoop of innovation”. Cheap, but innovative, products with small margins but large volumes. \u00a0<\/p>\n\n\n\n Entrepreneurship in India hasfewer political barriers<\/strong>compared to other emerging Asian tigers. India is a democracy, with a strong American connection and adeveloped legal system<\/strong>. For example, there has been much controversy worldwide about the recent progress made under the Insolvency and Bankruptcy Code at the NCLT (National Company Law Tribunal), including addressing unpaid corporate loans. According toThe Economic Times<\/a>, this reform has contributed to India’s leap into the World Bank’sease of doing business<\/em>rankings (23 places up to 77th position). \u00a0<\/p>\n\n\n\n \u00a0<\/p>\n\n\n\n \u00a0<\/p>\n\n\n\n \u00a0 \u00a0 The above list contributes to India’s position asthe fastest growing economy in the world<\/strong>. Soon India will become the fifth largest global economy. Economists even predict that in the coming years India will cross Germany and thus take fourth place behind the US, China and Japan. If you have any questions or would like to know more about our debt collection partner in India, pleasecontact us<\/a>via 016 74 52 00 or email us atinfo@tcm.be<\/a>. And don’t forget to take a look at ourPointDrive<\/a><\/p>\n\n\n\n You might not yet have thought about possible interesting business opportunities in this gigantic country? Well maybe you should! Concerns about potential problems likeunpaid invoices in India<\/a>or other obstacles might cause you\u00a0 missing the boat of its progress \u2013 the last decade driven at a dizzying pace. Or maybe you are already active in the area, but you would like a reliable partner in debt collection to have your back? Then you are at the right address!<\/p>\n\n\n \u00a0Rising Elephant<\/em>India, as Ashutosh Sheshabalaya (founder of the International network company IndiaAdvisory in our own backyard Hainaut) describes the country, does not need an introduction. Or as professor Salvatore Babones labels India inForbes<\/a>as \u201ca country of contrasts\u201d. \u00a0Perhaps we also have to add a new sort of reflection to the typical list of colours, flavours and customs that automatically pop up in our mind when we think about India. What about a country ofhuge possibilities<\/strong>for (Western) businesses? In that case, our local partner,MNS Credit Management Group<\/a>, can offer support to Belgian gold diggers.Let\u2019s briefly list up the most important Indian evolutions and their economic impact:<\/strong><\/p>\n\n\n\n India will soon (if not already) bethe country with the largest population<\/strong>, following China on its heels. But unlike China, and many Western countries, India is not yet suffering from an ageing population and its active, young population is growing faster than the total population. This young guard also receives an increasingly better education. Increasing incomes will result ina broader middle class<\/strong>and higher purchasing power. So India might therefore becomea (larger) potential market<\/strong>for your product or service than you initially considered. \u00a0<\/p>\n\n\n\n However, we should use the term middle class with some caution.Rob R\u00fchl<\/a>, ING economist and author ofThe India Challenge<\/em>report, predicts that by 2020 only 50 million Indians will earn $10 000 or more ( a year). And there arehuge regional differences<\/strong>. Babones even writes that we can only talk about a middle class in India when all states in the country can enjoythe Incredible India Economy<\/em>at the same level. India’s current Prime Minister, Narendra Modi, promises to work on this in detail with his election sloganSabka Saath, Sabka Vikas<\/em>(together with all, progress for all). For example, he wants to bring electricity to all Indians through mass investment in solar energy. Now tens of millions of inhabitants still have to make do without electricity. \u00a0<\/p>\n\n\n\n In addition, the growing young population, yearning for progress, also createsa larger pool of labor force<\/strong>. Considering aligning your product with that Indian middle class might lead to an immediate increase of potential sales, according to R\u00fchl, but with the condition that production also takes place in India. Because your product needs to be adapted to the Indian market, and therefore it is also convenient to produce on site. In the opposite direction, labor costs in India are low, but product optimization has been the trend since the 1990s. The country is the rightbreeding ground to feed both import and export opportunities to or from India<\/strong>. The chance of breaking even in India within a few years is very high, according to R\u00fchl, at least when companies adapt to local customs. \u00a0<\/p>\n\n\n\n In turn, many Indian companies (such asTata Group<\/a>or Mittal Steel, nowArcelorMittal<\/a>) have found their way into the Western world and, thanks toIT innovations and highly-skilled management talen<\/strong>t (often placed in Western top positions), have createdgreat added intellectual value<\/strong>. Vice versa (according to Sheshabalaya inTrends<\/a>) “India’s top private companies have perfectly understood that we are evaluating from a global economy based on products for Western consumers, to a model with mass production in which price is all-important, with a big scoop of innovation”. Cheap, but innovative, products with small margins but large volumes. \u00a0<\/p>\n\n\n\n Entrepreneurship in India hasfewer political barriers<\/strong>compared to other emerging Asian tigers. India is a democracy, with a strong American connection and adeveloped legal system<\/strong>. For example, there has been much controversy worldwide about the recent progress made under the Insolvency and Bankruptcy Code at the NCLT (National Company Law Tribunal), including addressing unpaid corporate loans. According toThe Economic Times<\/a>, this reform has contributed to India’s leap into the World Bank’sease of doing business<\/em>rankings (23 places up to 77th position). \u00a0<\/p>\n\n\n\n \u00a0<\/p>\n\n\n\n \u00a0<\/p>\n\n\n\n \u00a0 \u00a0 The above list contributes to India’s position asthe fastest growing economy in the world<\/strong>. Soon India will become the fifth largest global economy. Economists even predict that in the coming years India will cross Germany and thus take fourth place behind the US, China and Japan. If you have any questions or would like to know more about our debt collection partner in India, pleasecontact us<\/a>via 016 74 52 00 or email us atinfo@tcm.be<\/a>. And don’t forget to take a look at ourPointDrive<\/a><\/p>\n\n\n\n 5 good reasons to highlight our Indian debt collection partner You might not yet have thought about possible interesting business opportunities in this gigantic country? Well maybe you should! Concerns about potential problems likeunpaid invoices in Indiaor other obstacles might cause you\u00a0 missing the boat of its progress \u2013 the last decade driven at a […]<\/p>\n","protected":false},"author":11,"featured_media":14412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":["post-71169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/posts\/71169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/comments?post=71169"}],"version-history":[{"count":1,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/posts\/71169\/revisions"}],"predecessor-version":[{"id":72146,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/posts\/71169\/revisions\/72146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/media\/14412"}],"wp:attachment":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/media?parent=71169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/categories?post=71169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/tags?post=71169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}1. India will soon be the country with the largest population<\/h2>\n\n\n\n
2. India, a multi-faceted country<\/h2>\n\n\n\n
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3. India has a large pool of labor force<\/h2>\n\n\n\n
4. India is innovating<\/h2>\n\n\n\n
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5. Fewer political barriers than other emerging Asian nations<\/h2>\n\n\n\n
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\n\n\n\n5 good reasons to highlight our Indian debt collection partner<\/h1>\n\n\n\n
<\/figure>\n<\/div>\n\n\n1. India will soon be the country with the largest population<\/h2>\n\n\n\n
2. India, a multi-faceted country<\/h2>\n\n\n\n
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3. India has a large pool of labor force<\/h2>\n\n\n\n
4. India is innovating<\/h2>\n\n\n\n
\n\n
5. Fewer political barriers than other emerging Asian nations<\/h2>\n\n\n\n
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