1.
What is the current currency exchange rate?
The currency of India is the Rupee, which is divided
into 100 paise. The Rupee comes in denominations of
Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and R
s.1000.
The printing of notes in the denominations of Re.1 and
Rs.2 has been discontinued as these denominations have
been coinised. However, such notes issued earlier are
still in circulation. The current exchange rate is US$1
= INR 39.
2. What is the population
and main language used?
There are over 1.1 billion Indians today and the number
is growing every year. English is commonly used in all
business transactions. Ten years ago, the United States
was the country with the largest English-speaking population.
Today, India has taken over that status. With roughly
a third of its population – or more than 330 million
– possessing English language capability, India
has more people speaking the language than the US and
UK combined However, the main spoken languages are Hindi
and Urdu. India also has 25 other major regional languages!
3. What
is the climate like?
India basically has a tropical climate with three main
seasons:
Summer season: April to Mid-June
Monsoon season: Late June to September
Winter season: October to March
4. What
is the proper clothing to wear in India’s climate?
I also hear that Indians are a more conservative lot
especially compared to people in Western countries.
What kind of clothes would be acceptable?
During the winter months of October to March, light
woolen clothes would be preferred. For the rest of the
year, it can be very hot, so light, tropical clothing
is advised. Shorts, minis and tank tops are unadvisable
unless you're on a beach. In small towns and cities
especially, people may tend to stare if you expose too
much skin. Safe clothing would be trousers, peddle pushers,
capris, skirts, tops and shirts. India has great cottons,
which are trendy and affordable. Buy yourself some.
Women could try wearing a salwar kameez, which is very
cool and comfortable and could even improve the attitude
of people towards them – salwar kameez are quite
acceptable in Business meetings. Business attire is
appropriate for business visits. We suggest that you
plan to wear the same suit more than once to conserve
suitcase space. Bring at least one pair of comfortable
shoes!
5. What
are the usual business hours in India?
Banks: 1000-1400 Mon-Fri, 1000-1200 Sat
Offices: 0930-1700 Mon-Fri, 0930-1300 Sat
Shops: 0930-2000 Mon-Sat \
6. How
safe is drinking water in India?
If you are from a foreign country, you may not be used
to drinking the water here. Hence, we advise that you
pick up a bottle of mineral water, which is cheap and
widely available and usually provided in hotel rooms.
Order the same when you are at a restaurant. As far
as possible, avoid drinking any kind of water or juices
from roadside carts and vendors; and, avoid ice outside
touristy places!
7. How
should I tip waiters at restaurants / hotels?
In tourist restaurants or hotels a 10% service charge
is often added to bills, in which case there is no need
to tip. In smaller places, where tipping is optional,
you need only tip a maximum of 10 percentage of your
bill. It is customary to tip waiters, porters, guides
and drivers.
8. How
safe is it to eat non-vegetarian food in India?
Food is safe if eaten in a good hotel or restaurant.
Available: wonderful chicken and lamb dishes are offered.
Unavailable: India, being a primarily Hindu country,
beef and pork are not easily available.
9. What
is the economy of India like?
The economy of India is the fourth largest in the world
as measured by purchasing power parity, with a gross
domestic product (GDP) of around US $4 trillion. When
measured in USD exchange-rate terms, it is the twelfth
largest in the world, with a GDP of US $800 billion.
India is the second fastest growing major economy in
the world, with a GDP growth rate of 8.9% at the end
of the first quarter of 2006-07.
The economy is diverse and encompasses
agriculture, handicrafts, textile, manufacturing, and
a multitude of services. Although two-thirds of the
Indian workforce still earns their livelihood directly
or indirectly through agriculture, services are a growing
sector and are playing an increasingly important role
in India's economy. The advent of the digital age, and
the large number of young and educated populace fluent
in English, is gradually transforming India as an important
'back office' destination for global companies for the
outsourcing of their customer services and technical
support. India is a major exporter of highly-skilled
workers in software and financial services, and software
engineering.
India followed a socialist-inspired
approach for most of its independent history, with strict
government control over private sector participation,
foreign trade, and foreign direct investment. However,
since 1991, India has gradually opened up its markets
through economic reforms by reducing government controls
on foreign trade and investment. The privatization of
publicly owned industries and the opening up of certain
sectors to private and foreign interest has proceeded
slowly amid political debate.
India faces a burgeoning population
and the challenge of economic and social inequality.
Poverty remains a serious problem, although it has declined
significantly since independence, mainly due to the
green revolution and economic reforms.
10. How
much money should I budget for meals?
Generally $25-$30 US per day should be sufficient to
cover both lunch and dinner.
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