Cultural specifics of India, trade relations with the Czech Republic and the possibility of extending

This thesis analyzes the development and current state of the Indian economy, its strengths but also weaknesses that prevent further development. Included is the development of the economy since independence in 1947 till present, current development of the most important macroeconomic indicators and the structure of the economy. The second part analyzes involvement of India in foreign trade and FDI inflows into the country. Next chapter analyzes the trade relations of India and the Czech Republic. Evaluates the importance of mutual business partnership and defines additional opportunities and promising sectors for Czech exporters and entrepreneurs in order to expand trade relations. The last chapter describes specific cultural traits that influence doing business in India. Defines the basis of culture, which should lead to its better understanding and gives specific advices for successful trading in the country