ppt gupte sir

8/8/2019 Ppt Gupte Sir

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´CHALLENGES FACED BYTHE INDIAN BUSINESSES

DUE TO CHANGE OFGOVERNMENT IN U.S.µ



GROUPMEMBERS

ARUN ROLL NO.2

KAVITA ROLL NO.19

PREETI ROLL NO.45

NITU ROLL NO.52

ANUJA ROLL NO.60



This time the U.S. presidential election isThis time the U.S. presidential election isprimarily influenced by the economic situationprimarily influenced by the economic situation

and, therefore, it is no surprise that it wentand, therefore, it is no surprise that it wentagainst the incumbent Republican Party and theagainst the incumbent Republican Party and the

Democratic Party candidate, Obama, has won.Democratic Party candidate, Obama, has won.There are various challenges being faced by theThere are various challenges being faced by the

Indian businesses due to the few new policesIndian businesses due to the few new policeswhich have been implemented by the currentwhich have been implemented by the current

president, Mr. Obama.president, Mr. Obama.They may be as follows:They may be as follows:

A) DIRECT CHALLENGESA) DIRECT CHALLENGESB) INDIRECT CHALLENGESB) INDIRECT CHALLENGES



DIRECTDIRECT CHALLENGESCHALLENGES

IT sector IT sector BPOBPO

H1B VISAH1B VISA



IT SECTOR AND BPO·S



The recent spate of antiThe recent spate of anti- -outsourcingoutsourcingoutbursts in the US is worrying Indianoutbursts in the US is worrying Indianoutsourcers. US President elect Barackoutsourcers. US President elect BarackObama has vowed to end tax breaks toObama has vowed to end tax breaks tocompanies that ship jobs overseas.companies that ship jobs overseas.

´As president, I would stop giving tax breaks´As president, I would stop giving tax breaksto companies that ship jobs overseas, andto companies that ship jobs overseas, andstart giving them to companies that createstart giving them to companies that create jobs in the US,µ said Obama. jobs in the US,µ said Obama.

A statement from Obama·s campaign reads,A statement from Obama·s campaign reads,´We must stop the outsourcing of our most´We must stop the outsourcing of our most

tedious and dangerous jobs to other tedious and dangerous jobs to other countries. That work can and should be donecountries. That work can and should be doneby Americans.µby Americans.µ



As per the Other Service ProvidersAs per the Other Service ProvidersAssociation of India (OSPAI), there areAssociation of India (OSPAI), there are

approximately 2,500 BPO/KPO internationalapproximately 2,500 BPO/KPO internationaland domestic centres operational acrossand domestic centres operational acrossIndia employing about 7 lakh people directlyIndia employing about 7 lakh people directlyand 20 lakh indirectly, generating a revenueand 20 lakh indirectly, generating a revenueof $11 billion.of $11 billion.

If Obama stands firm on his statements, itIf Obama stands firm on his statements, itwill spell doom for the Indian outsourcingwill spell doom for the Indian outsourcingindustry.industry.



TWO SIDES OF THE COIN



Will Obama put a ban onoutsourcing?



The same practice will continue even withthe new government. Obama can·t rollback outsourcing considering its benefitsfor companies, employees and the USeconomy as a whole. Obama knows howmuch revenue the US gets from Indian IT,ITeS and BPO sectors.

There may be a slowdown; there may besome bit of saturation for a while.



MORE reasons as to why Obama·s policy onMORE reasons as to why Obama·s policy onoutsourcing might not be implementedoutsourcing might not be implemented

Associated Chambers of Commerce and IndustryAssociated Chambers of Commerce and Industryof India (ASSOCHAM) has also reported thatof India (ASSOCHAM) has also reported thatIndian outsourcers like Infosys, Wipro and TataIndian outsourcers like Infosys, Wipro and TataConsultancy Services have reported slower Consultancy Services have reported slower

revenue and profit growth over the past fewrevenue and profit growth over the past fewmonths.months.

Relatively, the whole impact will reflect on theRelatively, the whole impact will reflect on theIndian stock market and the real estate andIndian stock market and the real estate and

financial sectors, therefore hitting the overallfinancial sectors, therefore hitting the overalleconomy of the country. With the US looking for economy of the country. With the US looking for the reduction of outsourcing, the need of thethe reduction of outsourcing, the need of thehour is to look out for options that would helphour is to look out for options that would helpoutsourcers continue to grow and make profit,outsourcers continue to grow and make profit,which would also keep the economy going.which would also keep the economy going.



The uncertainty in India about the impactThe uncertainty in India about the impactof Obama·s presidency on the Indianof Obama·s presidency on the Indianoutsourcing industry was also reflectedoutsourcing industry was also reflectedby Finance Minister P Chidambaram.by Finance Minister P Chidambaram.

The reason why MNCs look at India as aThe reason why MNCs look at India as apotential outsourcing option is cheap andpotential outsourcing option is cheap andskillful labour. Thus, a major point here toskillful labour. Thus, a major point here tothink about is ¶can no outsourcing· bethink about is ¶can no outsourcing· belogically true?logically true?

The change of guard in the US will have aThe change of guard in the US will have ashortshort- -term impact on offshoring, but in theterm impact on offshoring, but in thelong run, offshore outsourcing will onlylong run, offshore outsourcing will onlyincrease.increase.



SOLUTIONSOLUTIONOne major solution to this crisis is thatOne major solution to this crisis is that

the outsourcers should act smart andthe outsourcers should act smart andlook for options beyond the US.look for options beyond the US.

The MNCs should shift focus from USThe MNCs should shift focus from USto other parts of the world, the likes of to other parts of the world, the likes of UK, Middle East and Australia.UK, Middle East and Australia.

Obama·s statement should be a wakeObama·s statement should be a wake- -up call for the Indian IT industry to lookup call for the Indian IT industry to look

beyond the US. Murthy says, ´It is verybeyond the US. Murthy says, ´It is veryimportant for us to have a wideimportant for us to have a wideportfolio.portfolio.



H1B VISAH1B VISA



INDIRECT CHALLENGES



INDIRECT CHALLENGESINDIRECT CHALLENGES

REAL ESTATEREAL ESTATEFALL IN U.S. DOLLARFALL IN U.S. DOLLAR

PRICE OF GOLDPRICE OF GOLDIMPORTIMPORT- - EXPORTEXPORTPETROLEUM PRICESPETROLEUM PRICES

INDOINDO--U.S. NUCLEAR TREATYU.S. NUCLEAR TREATY



REAL ESTATE



Property firms in India as considering jobProperty firms in India as considering joblosses and some are facing salary cuts of uplosses and some are facing salary cuts of upto 50% as they struggle to cope with theto 50% as they struggle to cope with theglobal credit downturnglobal credit downturn

The Indian real estate sector plays aThe Indian real estate sector plays asignificant role in the country·s economy.significant role in the country·s economy.

The real estate sector is second only toThe real estate sector is second only toagriculture in terms of employmentagriculture in terms of employmentgeneration and contributes heavily towardsgeneration and contributes heavily towardsthe gross domestic product (GDP).the gross domestic product (GDP).

The doubleThe double- -digit growth is mainly attributeddigit growth is mainly attributedto India·s booming off to India·s booming off- -shore business,shore business,including highincluding high- -end technology consulting, callend technology consulting, callcentres and software businesses.centres and software businesses.



The IT and ITES sector alone is estimatedThe IT and ITES sector alone is estimatedto require 150 million sq ft of office spaceto require 150 million sq ft of office space

across urban India by 2010.across urban India by 2010.

The current global economic slowdown isThe current global economic slowdown istaking its toll on several sectors. Realtytaking its toll on several sectors. Realty

has been among the worst hit.has been among the worst hit.

India·s largest real estate company byIndia·s largest real estate company bymarket capitalisation, DLF reported amarket capitalisation, DLF reported aworrying 69% fall in consolidated networrying 69% fall in consolidated netprofit to Rs 670.79 cr for the third quarter profit to Rs 670.79 cr for the third quarter of FY09 over the corresponding periodof FY09 over the corresponding periodlast year.last year.



The unending speculation on exitingThe unending speculation on exitingthe ambitious International Conventionthe ambitious International ConventionCentre project in Dwarka in the capital,Centre project in Dwarka in the capital,uncertainty over the proposed projectuncertainty over the proposed projectat Dankuni in West Bengal and,at Dankuni in West Bengal and,

The Rs 60,000The Rs 60,000- -cr Bidadi project incr Bidadi project inKarnataka are visible signs that theKarnataka are visible signs that thecompany is facing the brunt of thecompany is facing the brunt of the

slowdown.slowdown.



The real estate industry has movedThe real estate industry has moved

from a period of abundant capitalfrom a period of abundant capitalavailability to the times of liquidityavailability to the times of liquiditycrisis.crisis.

The current economic environment hasThe current economic environment hasimpacted sentiment at the macro level,impacted sentiment at the macro level,and demands both from home buyersand demands both from home buyersand corporate are being affected.and corporate are being affected.



From the global financial crisis begin,From the global financial crisis begin,

profits of many sectorsprofits of many sectors - - from financialfrom financialto real estateto real estate - - have dipped, promptinghave dipped, promptingthem to lay off staff.them to lay off staff.

Former Finance Minister P.Former Finance Minister P.Chidambaram says the economy mayChidambaram says the economy maynot grow as rapidly as in recent years,not grow as rapidly as in recent years,but it will still expand at a faster ratebut it will still expand at a faster ratethan in Western nations.than in Western nations.



FALL IN U.S. DOLLAR



CHALLENGES OF FALL IN USDOLLAR ON INDIA

The value of the US dollar is depend onthe demand and supply of US dollar.

After the sub prime crisis housingsector, banking sector, householdsector has been adversely affected.

The Federal reserve bank once

announced that it is going to printnotes to pay off the debt, to over comedeflation.



Normally any country will print the noteson keeping gold as a reserve. This willcontrol the money supply in the country.

But the US central bank is going to printmore notes keeping the gold as reservebut on the mere ´faith in Governmentµ.This will create more money supply in thecountry which will lead to thedebasement of currencies.



Over supply of currency will reduce thedemand and hence the value of the USdollar will fall.

The recession is also an importantfactor which will make the currencyweaker.

The fall of US dollar will is the create achallenge for for the indian businessespecially in Exports, oil import andgold prices.



PRICE OF GOLD



The prices of gold will rise

The gold has a inverse relation withThe gold has a inverse relation withdollar.dollar.

Whenever the US dollar is strong theWhenever the US dollar is strong theprices of gold normally falls.prices of gold normally falls.

The demand and supply factor is alsoThe demand and supply factor is alsoimportant for determining the gold prices.important for determining the gold prices.

Due to the bearish situation in the stockDue to the bearish situation in the stockmarket the investors normally prefer goldmarket the investors normally prefer goldas the better investment .as the better investment .



And hence the demand for gold isAnd hence the demand for gold isalso more.also more.

The demand factor and the weakThe demand factor and the weakUS dollar will make the gold moreUS dollar will make the gold moreglitter.glitter.



Now a days gold is considered as ainvestment commodity and hence thedemand for jellewery will fall.

India is known for the jellwery makingin gold and hence the jewellery makersmay face a Job loss.

The gold price is now around R.s15500/-. But the demand for gold is onrise .It is expected that the gold pricewill see further rise.



IMPORT EXPORT



India Import Export dataMajor items for export from India are live

animals, dairy products, milk products, humanhair, tea coffee, spices, wheat rice, tamarindpowder, plastic, cosmetic, embroidery& zari,cotton , carpet , rugs, ready made garment ,glassware, steel and iron, electrical items, Automobile compents, tractor parts, medicaldisposables, surgical& laboratory equipment,wooden furniture, and sports goods, etc.

Major items of import in to india are dry fruits,

almonds, chocolate, palm oil, organic chemical,phosphorus, PVC, rubber and tyre tubes, handtools, blade, used machine, computer parts &peripherals, printers, electronic, mobile phones,monitors, telecom, meters, instument and toys.



The US dollar is the reserve currencyin the international market.

Because of the global meltdown theretheir will be less demand for goods inthe international market.And henceexport will fall . For a developingcountry like india it is not a good sign.

And hence dollar depreciation is aimportant fctor that which will affectthe countries export.



When the dollar gets depreciated the other major currencies will get appreciated.Indian rupee will also appreciate assumingthat the domestic market is stable.

If the rupee gets appreciated then we mayhave to face the problem in export.

Since US is one of the major importer of our goods(17%). The fall in US dollar willlead to less demand for our goods.



Export growth for 2007-2008(y-o-y;in %)

-15

-10

-5

0

5

10

1520

25

30

35

april may june july aug s ep oct nov dec

S eries 1

S eries 2

C olumn1



Rise in petrol prices

Due to the heavy supply of the oil theDue to the heavy supply of the oil theOPEC have reduced the prices of crudeOPEC have reduced the prices of crudeoil from 147$ to 40$.oil from 147$ to 40$.

The OPEC have said that if the crudeThe OPEC have said that if the crudeprice go further down then they wouldprice go further down then they wouldto the production cut to increase theto the production cut to increase theprice.price.

The price of petrol are normally quotedThe price of petrol are normally quotedin US dollar.in US dollar.



And hence the price of the petrol is inverselyAnd hence the price of the petrol is inverselyproportion to the dollars. If the US dollar isproportion to the dollars. If the US dollar isstrong the crude oil price will be low andstrong the crude oil price will be low andvicevice- -versa.versa.

If the US dollar falls OPEC will increase theIf the US dollar falls OPEC will increase thepetrol prices.petrol prices.

America,India, and china are the major America,India, and china are the major importer of oil and other fuels.importer of oil and other fuels.

Increased oil price will affect india. TheIncreased oil price will affect india. Theprices for petrol will rise. And because of thisprices for petrol will rise. And because of thistransport sector, avaiton sector, thetransport sector, avaiton sector, thecommodity sector will get adversely affected.commodity sector will get adversely affected.There is always a possiblity of inflation whenThere is always a possiblity of inflation whenthe prices of the crude oil rises.the prices of the crude oil rises.



Challenges faced by theaviation sector

The Indian aviation sector is feeling the pinch due toThe Indian aviation sector is feeling the pinch due tothe global meltdown.the global meltdown.The demand for air traveling has gone downThe demand for air traveling has gone downdrastically.drastically.People are now avoiding to travel through aero planesPeople are now avoiding to travel through aero planesbecause they are very cautious about spending .because they are very cautious about spending .To stimulate the demand the airlines not only domesticTo stimulate the demand the airlines not only domesticbut also the international have announced rate cut inbut also the international have announced rate cut inDecember ranging from 25%December ranging from 25%- -40%.40%.Thanks to the oil prices which are low. But if the dollar Thanks to the oil prices which are low. But if the dollar

price falls their will be rise in oil price will again putprice falls their will be rise in oil price will again putthe aviation industry in to troubles.the aviation industry in to troubles.Currently jet airways announced that they lose 1.5Currently jet airways announced that they lose 1.5crores every day due to the decline in demand.crores every day due to the decline in demand.



Analysts scorn fuel price reductionAnalysts scorn fuel price reduction

Taxes on petrol and diesel very highTaxes on petrol and diesel very highinin IndiaIndia

India, China and Obama·s oil policyIndia, China and Obama·s oil policy

PRICES OFFUEL,PETROL,DIESEL,OIL



We pay approximately 52 per cent tax on petroland 31 per cent on diesel.

Petrol prices in rupees per liter

Hyderabad [April 2008] ² Rs 55/-Bangalore [May 2007] ² 52/-Pune [Feb 08] ² 51.46

Mumbai [March 08] ² Rs 56Kolkata [May 06] - 56.86Coimbatore [May 06] ² 47.47Chennai [Dec 07] ² 49.15Delhi [Jan 08] ² 44.50

TAXES OF PETROL & DIESEL: VERYTAXES OF PETROL & DIESEL: VERYHIGH IN INDIAHIGH IN INDIA



COUNTRYCOUNTRY PETROLPETROL

% T AX RET AI L % T AX RET AI L

PR I CEPR I CE

D I E S E SD I E S E S

% T AX RET AI L % T AX RET AI L

PR I CEPR I CE

FRANCEFRANCE 67.6%67.6% 1.481.48 56.8%56.8% 1.321.32

GERMANYGERMANY 68.6%68.6% 1.531.53 58.1%58.1% 1.361.36

ITALYITALY 63.1%63.1% 1.571.57 53.8%53.8% 1.431.43

SPAINSPAIN 56.2%56.2% 1.211.21 46.1%46.1% 1.151.15

UK UK 69.9%69.9% 1.631.63 66.7%66.7% 1.741.74

JAPANJAPAN 44.4%44.4% 1.171.17 32.7%32.7% 0.980.98

CANADACANADA 34.6%34.6% 0.780.78 25.3%25.3% 0.790.79

USUS 18.6%18.6% 0.590.59 17.9%17.9% 0.670.67

INDIA*INDIA* 52.0%52.0% 1.001.00 30.4%30.4% 0.690.69



High price at the pump become a leadingHigh price at the pump become a leadingcampaign issue and a very real driver of campaign issue and a very real driver of

inflationary fearsinflationary fears

Global dependence on oil is a reality andGlobal dependence on oil is a reality anddemand is increasing at a steady ratedemand is increasing at a steady rateprimarily driven by the economic growth of primarily driven by the economic growth of IndiaIndia

Oil price will continue to increaseOil price will continue to increase

In 2010 the U.S will begin reducing foreign oilIn 2010 the U.S will begin reducing foreign oilconsumptionconsumption

INDIA,CHINA & OBAMA·S OIL POLICY



The Obama administration plans to create aThe Obama administration plans to create acartel of oil importing nations that willcartel of oil importing nations that willinclude Indiainclude India

Aggressively share technology that willAggressively share technology that willreduce the use of fossil fuelsreduce the use of fossil fuels

Low oil prices will further reduce the threat of Low oil prices will further reduce the threat of

inflation high oil price fuel higher food costsinflation high oil price fuel higher food costsand a reduced threat of inflation will allowand a reduced threat of inflation will allowcentral banks to maintain an easing of central banks to maintain an easing of monetary policymonetary policy

Low inflation will equate directly to anLow inflation will equate directly to anincrease in GDP growth and domesticincrease in GDP growth and domesticconsumption.consumption.



INDOINDO--US NUCLEAR TREATYUS NUCLEAR TREATY



Indo US Nuclear TreatyIndo US Nuclear Treaty ² ² BarackBarackObama·s electionObama·s election ² ² Will it affect or Will it affect or

effect?effect?The USThe US- -Indo civilian nuclear agreement refersIndo civilian nuclear agreement refersto a bilateral accord on cilvil nuclear coto a bilateral accord on cilvil nuclear co- -operation between the US & Indiaoperation between the US & India. .

A HistoryA HistoryIndo US relationship reached a crescendoIndo US relationship reached a crescendowith the Nuclear Non Proliferation treatywith the Nuclear Non Proliferation treatyduring the term of the former presidentduring the term of the former presidentGeorge W. BushGeorge W. Bush

Under the terms of the deal, the UnitedUnder the terms of the deal, the UnitedStates will now be able to sell nuclear fuel,States will now be able to sell nuclear fuel,technology and reactors to India for peacefultechnology and reactors to India for peacefulenergy use despite the fact that New Delhienergy use despite the fact that New Delhitested bombs in 1974 and 1998 and never tested bombs in 1974 and 1998 and never

signed the nuclear Nonsigned the nuclear Non- -Proliferation Treaty.Proliferation Treaty.



Terms of the dealTerms of the deal

India agrees to allow inspectors from theIndia agrees to allow inspectors from the InternationalInternationalAtomic Energy Association (IAEAAtomic Energy Association (IAEA ), access to its), access to itscivilian nuclear program.civilian nuclear program.

By March 2006, India promised to placeBy March 2006, India promised to place fourteen of itsfourteen of itstwentytwenty- -two power reactorstwo power reactors under IAEA safeguardsunder IAEA safeguardspermanently.permanently.

India has promised thatIndia has promised that all future civilian thermal andall future civilian thermal andbreeder reactorsbreeder reactors shall be placed under IAEAshall be placed under IAEAsafeguards permanently. However, the Indian primesafeguards permanently. However, the Indian primeminister says New Delhi "minister says New Delhi " retains the sole rightretains the sole right totodetermine such reactors as civilian.determine such reactors as civilian.

Military facilitiesMilitary facilities- -and stockpiles of nuclear fuel thatand stockpiles of nuclear fuel thatIndia has produced up to nowIndia has produced up to now- -will be exempt fromwill be exempt frominspections or safeguardsinspections or safeguards

India commits to signing anIndia commits to signing an Additional Protocol (PDF)Additional Protocol (PDF) --which allows more intrusive IAEA inspectionswhich allows more intrusive IAEA inspections- -of itsof itscivilian facilitiescivilian facilities



Kind of technology India wouldKind of technology India wouldreceive in returnreceive in return

India would be eligible to buy U.S. dualIndia would be eligible to buy U.S. dual- -use nuclear technology, includinguse nuclear technology, includingmaterials and equipment that could bematerials and equipment that could be

used to enrich uranium or reprocessused to enrich uranium or reprocessplutonium, potentially creating theplutonium, potentially creating thematerial for nuclear bombs. It would alsomaterial for nuclear bombs. It would alsoreceive imported fuel for its nuclear receive imported fuel for its nuclear

reactors.reactors.



What do proponents say aboutWhat do proponents say aboutthe deal ?the deal ?

Would encourage India to acceptWould encourage India to acceptinternational safeguards on facilities it hasinternational safeguards on facilities it hasnot allowed to be inspected beforenot allowed to be inspected before

Recognizes India's history of imposingRecognizes India's history of imposingvoluntary safeguards on its nuclear programvoluntary safeguards on its nuclear program

Recognizes that India has a good record onRecognizes that India has a good record on

proliferationproliferation

Rewards India's decision to adopt similar Rewards India's decision to adopt similar nuclear export standards as those imposednuclear export standards as those imposedby theby the Nuclear Suppliers Group (NSG)Nuclear Suppliers Group (NSG)



Impact treaty would have onImpact treaty would have onIndoIndo- -US relationshipUS relationship

It will enhance IndoIt will enhance Indo- -US partnership and deepenUS partnership and deepentheir cooperation on a whole range of matters.their cooperation on a whole range of matters.Importantly, it will help India to meet its growingImportantly, it will help India to meet its growingelectricity demands while aiding in the importantelectricity demands while aiding in the importanteffort to combat global warming.effort to combat global warming.

But this agreement is seen only as a beginning of But this agreement is seen only as a beginning of a much closer relationship between two greata much closer relationship between two greatcountriescountries- -US & India.US & India.

their common strategic interests call for their common strategic interests call for redoubling USredoubling US- -Indian military, intelligence andIndian military, intelligence andlaw enforcement cooperation.law enforcement cooperation.

India and America will work together to promoteIndia and America will work together to promotetheir democratic values and strengthen legaltheir democratic values and strengthen legalinstitutions in South Asia and beyond.institutions in South Asia and beyond.

Wh l d Chi l i h U SWh l d Chi l i h U S



What role does China play in the U.S.What role does China play in the U.S.- -Indian nuclear deal ?Indian nuclear deal ?

China's rise in the region is prompting the UnitedChina's rise in the region is prompting the United

States to seek a strategic relationship withStates to seek a strategic relationship withIndia.The United States is trying to cement itsIndia.The United States is trying to cement itsrelationship with the world's largest democracy inrelationship with the world's largest democracy inorder to counterbalance China.order to counterbalance China.

the growing economic relationship between Chinathe growing economic relationship between Chinaand India is so critical to New Delhi that itsand India is so critical to New Delhi that itsinterests in China cannot be threatened or interests in China cannot be threatened or replaced by any agreement with the Unitedreplaced by any agreement with the UnitedStates.States.

U.S. nuclear aid to India could foster a dangerousU.S. nuclear aid to India could foster a dangerousnuclear rivalry between India and China. Thoughnuclear rivalry between India and China. ThoughIndia has a strong interest in building economicIndia has a strong interest in building economicrelations with China, New Delhi is still wary of relations with China, New Delhi is still wary of China's military rise in the region.China's military rise in the region.



Where does this go? Debate in IndiaWhere does this go? Debate in India

U.S. favoritism toward India could increaseU.S. favoritism toward India could increasethe nuclear rivalry between the intenselythe nuclear rivalry between the intenselycompetitive nations, and potentially raisecompetitive nations, and potentially raisetensions in the already dangerous region.tensions in the already dangerous region.

The two countries, both admittedly nowThe two countries, both admittedly nownuclear, could be forced to deal morenuclear, could be forced to deal morecautiously with each other.cautiously with each other.

The U.S.The U.S.- -India deal could prompt Pakistan toIndia deal could prompt Pakistan togo elsewhere, for instance to China, for go elsewhere, for instance to China, for similar terms.similar terms.



CONCLUSIONCONCLUSION



THANK YOUTHANK YOU

ppt gupte sir

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