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India, the world’s largest democracy, has been seeing a shift in its political structures in the past few years. In the last three general elections, no single political party has been able to get sufficient popular support to secure a majority in Parliament. Coalition governments seem to be here to stay. Politics then, like the economy, is becoming market driven. India has seen phenomenal growth in ‘New Economy’ companies associated with knowledge-based industries and information technology. It is regarded as the hub of the worldwide IT solutions development and many multinational companies have chosen it as a centre for setting up back office operations, call centres, transcription and translation services within the country.
Newsbriefs - Country developments reported this month:
Diary date: International discussion group
New from Watson Wyatt:
Watson Wyatt expands in India
New Asia Pacific Benefits and Employment Terms Reports
For further information on any of the items included in The Multinational, please contact your usual Watson Wyatt consultant. Alternatively, the e-mail addresses of your regional contacts are:
Europe, Middle East and Africa: rosemary.scott@eu.watsonwyatt.com
The Americas: robert_gump@watsonwyatt.com
Asia Pacific: danny_quant@watsonwyatt.com
The articles in The Multinational are of general interest and guidance. Action should not be taken on the basis of any article without seeking specific advice.
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