Moreover, the central bank is urging banks to lend less and impose limits on home purchases. Inflation rates, interest rates, tariffs, the growth of the local and foreign national economies, and exchange rates are critical. For instance, how stable is the political environment?
Boston Consulting Group predicts that the volume will increase in near future.
This is particularly important for companies entering new markets. China is currently facing challenges, such as weak external demand. Social Factors The social and cultural aspect of China plays an important role as the demographics constantly change.
With an advanced IT infrastructure and highly skilled IT work force, India offer enormous opportunities for entrepreneurs to embark upon technological projects such as software development and upgrades, e-commerce, mobile apps, business solutions, and many more. Other factors which can be assessed are Environmental and Legal factors.