Question

Describe the opportunities and threats right now for a firm entering the ___________ (Choose one from below) market:

Bangladesh

India

China

South Korea

Minimum 400 words

Answer 1

Various threats and opportunities for the new firm entering into Indian market are:-

OPPORTUNITIES
1. Population:- Population is the biggest opportunity for the new firms entering into Indian market beacuse the new firm can have a larger consumer base. Larger consumer base will help the firms to earn much more profits than other countries.

2. Developing nation:- India is a developing nation. It means that the new firms can grab first mover advantage. It means that the firms can assist the count y in developing and thus earn huge profits.

3. Government support:- In developing nations, government supports the new firms. This is because the entry of more and more firms in the country would increase the GDP of the nation. Hence, the new firms can easily earn profits by getting support from the government.

4. Make in India campaign:- Make in India campaign is initiated by the Indian government to encourage the new firms also from foreign countries to enter the Indian market. Under this scheme, various types of allowances, grants and supports are provided to the new firms to enter the Indian market. This is one of the biggest opportunities for new firms to enter the Indian market.

5. Cheap labour:- India had a cheap labour because of the abundance of working population in the country. For every new business firm, it would be very easy to acquire human resource for the activities.

6. Tax allowances:- India is a developing nation. It is an open market for new startups. Government of India supports new startups so that the country's Gross Domestic Product (GDP) can raise. Hence it will create an opportunity for the new firm to enter Indian economic market.

7. Ease of doing business:- India's ease of doing business is high. It is a quantitative tool by which the growth prospects of a country are measured. Also, India's ease of doing business is high. It means that the growth prospects in India are high. Hence it is also a crucial opportunity for the new firms.

8. Inflation:- inflation is prevailing in India. Due to inflation the income of the suppliers and producers would rise. Hence, inflation would be an opportunity for the new firms to enter the Indian market.

9. Tax allowances:- For India is a developing nation, hence Indian government provides various types of tax allowances.

THREATS

1. Tough competition:- Due to the tax allowances and make in India campaign, many new firms have entered the Indian market thereby, increasing the competition. This increase in competition would be a threat for the new firms.