Management practices-The case of global india Research Paper

Management practices-The case of global india - Research Paper Example The paper has examined the role of leaders in the Indian context and has also discussed a few case studies of some leading Indian companies. The findings are presented as a set of conclusions and reveal the gist of how Indian firms are successful and also certain disadvantages they have. The Indian economy has seen a contraction and for February, there was an overall contraction of –1.2% in the GDP for all overall economy. However, it has to be noted that the six core sectors had a growth of 2.2%. It must be reiterated that the Indian economy in the previous months for the 2008 had shown a growth of 7%. Inflation for February 2009 was at a rate of 3.45% and this actually went into a negative inflation of 1.27% in June 2009. The inflation has now climbed back to 1.2%. The fall in GDP has to be seen with the global perspective where the GDP of US, UK and Euro nations went into a recession in the later months of 2007 itself. When compared to these developed economies, the Indian economy has proved much more resilient. While there has been a certain of belt tightening in various industries and sectors, the banking sector has remained strong with no major failures of banks. Even the insurance and automotive sectors have not seen large-scale bankruptcies, job losse s and even frauds. There was one major fraud in the Indian IT industry with Satyam computers, but overall, the Indian industry has not seen frauds and disgraceful exits (FICCI, 2009). The main reason for the Indian economy to be so strong and resilient is that the core sectors have withstood the stresses of the economic recession. While exports form a major source of revenues for the IT industries, the other industries have sufficient internal demand and infrastructure industries such as steel, cement, construction have seen reductions in off take, but not a total closure. As seen in the above table, electricity, capital goods and