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India’s market lures in the global business with promises of rapid expansion and excessive number of new clients. With population of 1.2 billion, highly-educated residents primarily speak English; the country’s elections tend to be democratic by nature, and the economy is on the steady rise. Sounds like heaven for the foreign enterprises equipped with bottomless bags of cash. However, judging by the many international companies’ experience, unresolved are some challenges that pose undermining threats to potential success in this demanding market. Survey by PwC shows that 95% companies operating in India’s market have experienced fraud. Coca-Cola, Nokia, Vodafone, and Parimatch…
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