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1. UNIVERSITY OF HORTICULTURAL SCIENCES , BAGALKOT COLLEGE OF HORTICULTURE MUNIRABAD (KOPPAL) TOPIC : Indian Social, Political and Economic systems and their implication for decision making by individual entrepreneur

2. Over view of Indian Social System and its Implications for Decision Making by Entrepreneurs India is a country of both diversity and blend of cultures, races and languages. The nation’s identity and social structure remain protected by a rich cultural heritage.

3. The vital role of business organization is to succeed, is an understanding of the traditions and ways of communicating with others that form the basis of Indian society. In India, religion is a way of life and must be respect in order to maintain business relationship

4. . In the Indian work place, senior colleagues and especially elders are obeyed and respected. Discussions are almost always lead by the most senior person. Final decisions rest with the highest ranking business executives. Therefore, it is important to maintain strong relationship with such senior figures.

5. Despite the elimination of the traditional caste system, that was a direct outcome of Hinduism, attitudes still remain and influence the hierarchical structure of business practices followed.

6. Over view of Indian Political System and its Implications for Decision Making by Entrepreneurs India is the third largest economy in the world and second fast growing economy in Asia. It has the tremendous potential of development with huge intellectual human force. With all these advantages and the huge market potential, world super entrepreneurs are looking for business establishments in India.

7. India has a plural political system. With numerous political parties at national and state level, it is very difficult to get a consensus among all parties for starting any business. Also these political parties have patronage of many factors, caste, creed and ideologies. The political influence is highly essential to start a business in India. Especially start a multibillion business, some sort of political patronage is an absolute necessary.

8. During the last couple of decades, India has opened its market to world. It has absolutely become an open global market, Banking sector, Insurance sector and all fields of industrial and business are now open for multi national investment. Of course there are many obstructions to cross. And mostly all issues can overcome and establish business if they have the political patronage.

9. Over view of Indian Economic System and its Implications for Decision Making by Entrepreneurs India has, over the last decade, achieved a position of pre-eminence in many spheres of economic activity, most notably in information technology, business process outsourcing, and various other service industries and also increasingly in manufacturing. The Indian industry has, by and large, shown growth in standing its own ground. Many Indian companies has gone on to take their rightful positions in the world arena. Some of them have even merged as world leaders in their respective domains.

10. Looking at the future course of india's economic growth, one can deduce that variations around the long-term growth depend on growth performance of the agricultural sector. If the growth of agriculture is facilitated by good rainfall, then the current economic growth rate of 7 per cent to 8 per cent per annum is likely to be maintained, else, the growth rate could take a small dip.