Principles of International Business Management Essay - 1

Principles of International Business Management - Essay ExampleThe ICT services sector is the fastest evolution sector in the country, with software development, ITES, BPOs and call centres earning good deal of foreign exchange. Combined with low labor costs, highly skilled manpower and good investments in human capital India is fast exploiting the opportunities of the global delivery.India has signed treaties with its neighbors and other countries in the Asian region and streamlined its trade with these countries with the help of Asia-Pacific Trade Agreement, ASEAN and SAARC. But Indias main exporting arena remains the EU and America, as it gets good value for its products and services from these nations. Indias export figures for 2005-06 are US $ Million 103,090.54, objet dart 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 days Indias ex ports use to be miniscule in comparison with its imports. But now the manufacturing industry has come 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 includeImports to India from the EU nations on the other hand stand at US$M 25,704.03, while from North America this figure is US$M 10,374.61. This shows the edge in party 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 take shape of India-EU Strategic Partnership1, US -India Trade Policy Forum and India-United States Commercial Dialogue2 to further the cause of the trade and industry requirements.The French economy is considered a developed economy as compared to