Evaluating the Challenged Faced by City Hub Hotel in India (Other (Not Listed) Sample)
India is among the many nations worldwide, still trying to rebuild its economy by allowing its consumer market open for investment by international companies. However, India remains one of the most challenging nations to operate a business within. This is mostly determined by the level at which a foreign company will attain local support. Without the right advice, it is difficult for any organization to do business in India’s consumer market’s complicated corporate environment .
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CHALLENGES FACED BY CITY HUB HOTEL IN INDIA
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Challenges Faced By City Hub Hotel In India
Introduction
India is among the many nations worldwide, still trying to rebuild its economy by allowing its consumer market open for investment by international companies. However, India remains one of the most challenging nations to operate a business within. This is mostly determined by the level at which a foreign company will attain local support. Without the right advice, it is difficult for any organization to do business in India’s consumer market’s complicated corporate environment (GARG, 2018). Therefore, it means that before any company decides to operate its business in India, it has to acquire the best market analysts who understand the country better. In addition to this, India’s political coercion makes it difficult for expanding companies to thrive well in their businesses. Therefore, this essay will analyze the challenges likely to be faced by the City Hub Hotel for doing business in India.
Challenges
The cost of starting a business in India is very high, and the procedures involved are very stressful. Any company setting up a business in India must follow a twelve-step procedure, which could last on an average of 27 days. Following this procedure is time-consuming, and the individual business should find means to be well connected to the local market advisers and brokers (GARG, 2018). The total cost of starting a business in India accounts for 49.8% of income per capita.
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