The republic of India is one of the largest markets after China due to high population and various international manufacturers and companies based in the region. The political and social environment of the company is quite unstable due to high opposition and a diverse population base and presence of various ethnic and religious groups in the country.
Though the political condition is quite unstable the changing governments are consistent in foreign trade policies and international trade. The economy of the country is based on agriculture but there have been dramatic changes in the industrial and manufacturing sectors of the economy in recent times as various international technology giants like IBM, HP and Microsoft have based their manufacturing units in the country. The market of Light Emitting Diodes in this country is highly under estimated and very few companies are exporting Light Emitting Diodes to the country which offers Electro-Light an opportunity to benefit from uncompetitive market conditions.
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