Wit Wisdom and Whoop

In this the 4th and last part of my 4-blog series on doing business in India I try to cover what it means to succeed in India. What you need to do. Importantly, it must be understood that doing business in India means dealing with different types of industry classified, treated and protected differently resulting in different behaviors. So, you have the small-scale sector, medium scale, large scale, public sector, large private sector, government sector. Apart from the idiosyncrasies of different types of people, geographies that I have spoken about earlier, you now need to factor in these idiosyncrasies of industry type. First a small secret that must be known. When an entrepreneur starts a business, it is always small and gets classified as small-scale industry. He gets tax breaks, gets lesser paperwork and gets many more advantages. Normal human behavior is to expect that he will grow, become big and thus not only outgrow the hand holding but also become more socially responsible. B...