Principles of International Business Management Essay - 1

Principles of International Business Management - Essay ExampleThe ICT services sphere is the exuberantest growing sector in the country, with software development, ITES, BPOs and call centres earning good deal of foreign exchange. feature with low labor costs, highly skilled manpower and good investments in human capital India is fast exploiting the opportunities of the global economy.India has write treaties with its neighbors and other countries in the Asian region and streamlined its condescension with these countries with the help of Asia-Pacific sell Agreement, ASEAN and SAARC. But Indias main merchandiseing arena remains the EU and America, as it gets good treasure for its products and services from these nations. Indias export figures for 2005-06 are US $ million 103,090.54, while import figures are, US $ Million 149,165.73 (Govt. of India, 2007). The gap between import and export is not much compared to the situation prevailing in pre-liberalization era. During those long time Indias exports used to be miniscule in comparison with its imports. But now the manufacturing industry has write out to age, while clothing and items like pearls, stones have remained its forte for quite a while now. Indias export to EU Countries stand at US$ Million 23,120.38 as per the Government of India figures (2007). Main components of this export allow inImports to India from the EU nations on the other hand stand at US$M 25,704.03, while from northeast America this figure is US$M 10,374.61. This shows the edge in favor India in merchandise trade. India has signed bilateral and multilateral agreements to promote economic development through a continuous process of trade expansion, in the form of India-EU Strategic Partnership1, US -India Trade Policy Forum and India-United States Commercial Dialogue2 to further the spring of the trade and industry requirements.The French economy is considered a developed economy as compared to