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  • Essay / Foreign Investment Essay - 2393

    The caste system, for example, is a direct result of Hinduism. This belief is still prevalent among the people of India and has been influential in the way the business operates today. Indians also believe in trait destiny and karma beliefs, which believe that whatever happens is reasonable. These attitudes also influence timing issues. Therefore, many Indian companies will not promptly participate in agreed business negotiations. Furthermore, the 2001 Four Dimensions of National Culture Scale (Dowling, Liesch, Gray, & Hill, 2009) revealed that India has a high collective standard because Indians are together as a group; require privacy and less open personal space. There is also high masculinity which is unfair between men and women. According to the World Economic Forum (2009) study measuring the gender gap, India is a very well ranked country (127 out of 134), in terms of education, for example the level of female literacy ( 55%) is still lower than that of men (77%) and a low proportion of women (42) compared to 100 men