Riding The Indian Tiger
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India is likely to overtake China very soon, this is what the two authors of „Riding the Indian Tiger — Understanding India, the World’s Fastest Growing Market” state. The authors who wrote this book together know a lot about doing business in India from their experience. William Nobrega is president and founder of The Conrad Group, LLC, a consulting firm specializing in emerging market strategic planning, advisory services for institutional investor groups, and mergers and acquisitions. Ashish Sinha is the COO of RocSearch, a UK-based research and analytics offshoring firm. He has a portfolio of more than 12 years experience in investment banking, consulting, and knowledge process outsourcing. Over the last six years, Ashish has built business research capabilities at McKinsey & Company and GE Capital.
The book is written for everybody who wants to take a closer look on the worlds fastest growing market, whether the reader is a business executive, an investment banker or entrepreneur, a politician, student or academic. It gives an insight on the different key factors of economic growth and explains why India will outperform China. The Introduction starts with an overview about the Indian history, leading through the time of 400 years of colonilazation until the Indians started to fight for more rights and became independent in 1947. The first chapter gives an idea of what is happening today: India is a democratic country with the rule of law, private property rights, religious freedom, a free press and individual liberty. Just 20 years ago, India still suffered under a high level of government control which is changing today, since more and more government officials are entrepreneurs and do not ignore the chances of their growing economy any more. Consumer markets are changing rapidly due to an explosively rising middle class and consumers who are becoming more sophisticated and demanding. The chapter gives an insight into India’s different regions, their resources and the opportunities they bare for the growing industry and foreign investors. But due to government restrictions, foreign investors still have to enter into joint ventures with Indian companies who hold at least 51% of the property rights. The second chapter talks about the development of the financial market in India and the establishment of India’s stock exchange, the NSE, which was created in 1993 after having some starting difficulties, and its today’s role on the global market. Recently, India’s currency was rated by Moody’s and Standard & Poor to be “investment” grade which is proven by numerous international brokerage and investment banking firms like Morgan Stanley, Deutsche Bank, and Goldman and Sachs who already operate in the new market successfully. In the third chapter, the author William Nobrega explains, why India will outperform China, using three D’s which the country has in favor. The first one is democracy, including the right of law, property rights, independent judiciary and freedom of the press, which makes a country a better trading partner and an environment more predictable. The second one is demographics: India has to offer the largest population worldwide of people at age 25 and younger together with an increasing level of educational opportunities. The third “D” is determination which describes the consciousness of Indian people about their capabilities, the force of new entrepreneurs combined with the desire to help others which is shown by donations into educational facilities. The three DÐÒs explain that long term economic growth and stability are the most important factors for investment decisions. The fourth chapter in the book gives an overview of India’s infrastructure and its challenges and opportunities. Today, the government has recognized that the economic growth will be not sustainable without dramatic improvements