| Accounts Receivable Financing- The India Connection | | | | national language. English is a secondary language |
| explores the vast growing marketplace in India and | | | | used for national, political and commercial |
| how you can benefit from this trend by importing | | | | communication. India is the largest English speaking |
| goods or exporting goods to this ginormous | | | | nation in the world. India's legal system is based on |
| economy with accounts receivable financing. | | | | English common law. |
| India is one of the oldest civilizations in the world. | | | | India's economy is growing over 10% per year with a |
| Their history goes back over 10,000 years. India is | | | | labor force of more than 500 million people. The |
| the largest democracy in the world. As of July, 2007, | | | | Indian retail sector is growing at a rate of 47% per |
| the Central Intelligence Agency for the United States | | | | year. Manufacturing is expanding. There are large |
| Government estimated that the population of India is | | | | numbers of well educated people skilled in the English |
| over one billion, one hundred twenty nine million | | | | language. Today India is a major exporter of |
| people. In contrast, the population of the United | | | | software services and software workers. Other |
| States is estimated to be a little over three hundred | | | | major industries include textiles, chemicals, food |
| two million people. That's 129,000,000 versus | | | | processing, steel, transportation equipment, cement, |
| 302,000,000 people; India has over four times the | | | | mining and machinery. |
| population of the U.S. in a geographic area lightly | | | | In 2006 India exported over $123 billion dollars of |
| more than one-third the size of the U.S. | | | | textile goods, gems and jewelry, engineering goods, |
| India has the third largest economy and the second | | | | chemicals, leather items; only 17% were exported to |
| fastest growing economy in Asia. It has a vast pool | | | | U.S. partners. Imports the same year were $184 billion |
| of professional talent and an enormous reservoir of | | | | dollars; less than 6% of this import business |
| intellectual capital with a growing middle class. | | | | originated with U.S. partners. |
| India's dense population creates economic | | | | What does this all have to do with accounts |
| opportunities and pressing internal social problems | | | | receivable financing? The expertise of a commercial |
| such as overcrowding, environmental degradation, | | | | finance company can be invaluable with regard to |
| poverty and social unrest. The economy and society | | | | helping you succeed in India's enormous marketplace. |
| are in a state of rapid transition. There are pressing | | | | If you want to export goods to India, a commercial |
| environmental issues because of overpopulation such | | | | finance company will check the credit of the business |
| as air pollution from industrial effluents and vehicle | | | | in India that you are selling to; this can facilitate |
| emissions, water pollution from poor sanitary | | | | capital for exponential growth to creditworthy |
| conditions and soil erosion. | | | | customers. If you want to import goods from India, |
| According to the World Bank, about 380 million | | | | purchase order financing combined with accounts |
| people in India live in poverty on less than $1 a day; | | | | receivable financing can help you to achieve the same |
| this is about one-third of the population. Nevertheless, | | | | goal of increasing cash flow to grow your business. |
| middle and upper class Indians have created immense | | | | Albert Einstein said: "We owe a lot to the Indians, |
| wealth in an economy bursting with opportunities. | | | | who taught us how to count, without which no |
| India's business climate is changing rapidly. | | | | worthwhile scientific discovery could have been |
| This social paradox is in some ways similar to the | | | | made". Mark Twain said: "India is the cradle of the |
| controversy in the U.S. over big box stores and their | | | | human race, the birthplace of human speech, the |
| effect on smaller retailers. The same issue is debated | | | | mother of history, the grandmother of legend, and |
| in India regarding Western style supermarkets versus | | | | the great grand mother of tradition. Our most |
| mom and pop stores. India has a child labor problem; | | | | valuable and most instructive materials in the history |
| the U.S. has a problem with illegal immigrants who | | | | of man are treasured up in India only". |
| tend to take the lowest paid jobs in the U.S., | | | | The bottom line: India is a land of great problems and |
| performing jobs that most legal Americans do not | | | | great opportunities. Accounts receivable financing |
| want to do. We live in a world of conflict, change and | | | | combined with purchase order financing can help you |
| opportunities. | | | | succeed in this vast democratic, English speaking |
| There are 14 official languages in India. Hindi is the | | | | marketplace. |