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India - Coggle Diagram
India
Political
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political environment is greatly influenced by factors such as government’s policies, politician’s interests, and the ideologies of several political parties.
The taxation system is well-developed and several taxes, such as income tax, services tax and sales tax are imposed by the Union Government. Other taxes, such as octroi and utilities, are taken care of by local bodies
Economical
The country registered a GDP of $5.07 trillion in 2013 following a further improved GDP growth rate of 5% in 2014 as compared to 4.35% in 2013.
The economy of India has been significantly stable, since the introduction of the industrial reform policies in 1991
Since the mid-1980s, India has slowly opened up its markets through economic liberalization. After more fundamental reforms since 1991 and their renewal in the 2000s, India has progressed towards a free market economy.
Technology
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India offers opportunities for entrepreneurs to embark upon technological products such as software and upgrades , e-commerce , mobile apps , business solutions and many more.
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Social
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India has a population of more than 1.2 billion people with about 70% between the ages of 15 and 65.