INDEX

1. Introduction to INDIA
2. PESTLE analysis of INDIA
3. EDUCATION and CONSULTANCY sector of INDIA
4. Introduction to NORWAY
5. STEEPLED analysis of NORWAY
6. EDUCATION and CONSULTANCY sector of NORWAY
7. COMPARISON OF PESTLE and STEEPLED analysis of INDIA and NORWAY
8. COMPARISON BETWEEN EDUCATION AND CONSULTANCY sector of
INDIA AND NORWAY
9. BIBLIOGRAPHY
 BIBLIOGRAPHY

 www.consultancy.in
 www.economist.com
 www.oced.in
 www.ibef.in
 www.investopedia.com


 INTODUCTION TO INDIA

 REPUBLIC OF INDIA ,also known as INDIA is a country

located is the Asian continent. INDIA is the seventh largest country
demographically as well as geographically and is the second most
populated country with more than 134 crore or 1.3 billion people
residing in the country after CHINA.INDIA has the largest form of
democracy in the world.

 The name INDIA is derived from the word INDUS which itself is
derived from the old Persian word Hindu , from Sanskrit Sindhu.
Indus is also the name of the river. Greeks used to refer the country
to the other side of the river , INDUS as INDOI later altered as
INDIA. INDIA is the Independent Nation Declared In August.

 Agendas and uniqueness of INDIA:

 INDIA has the unique moto of “SATYAMEVA JAYATE”

means “TRUTH ALONE TRIUMPHS”. INDIA has
traditionally been the dominant country at the South Asian
Side.

 INDIA is known for its archaeological evidence that a

highly sophisticated urbanized culture-THE INDUS
CIVILIZATION- dominated to the northern western part.

 Contemporary INDIA’S increasing physical prosperity and

cultural dynamism, despite continued challenges and
economic inequality are seen in its well developed
infrastructure and a highly diversified industrial base in its
scientific and engineering personnel.

 Despite of its growing population ,INDIAN’S are

contributing to the nation’s development and managing its
growth rate. INDIA’S ability to achieve rapid sustainable
development will have profound implications for the world.
  INDIA has seen major growth in the sector of Health ,
Agriculture and Energy. Indian economy is now the fastest
growing economy in the world.

 INDIA has a unique geographical location in the Asian continent:

Indian Ocean on the south , Arabian Sea on the south west , Bay of
Bengal on the south east and it shares the land borders with
Pakistan to the west and China , Nepal and Bhutan to north and
north east.

PESTLE ANALYSIS OF INDIA

1. Political factors:

 India is one of the largest democracy in the world having a federal

form of governmental political scenario of India is largely inspired
by some factors such as government’s politics, interest of
politicians and also the ideology and thinking of several political
parties.
 India has a well organized taxation system consisting of several
taxes the GST, income tax, service tax, sales tax and many more
imposed by the union or central government. As a result business
environment is affected by multivariate political factors which are
mentioned above.
 Government encourages free business through various programs
as it also influences privatization.

2. Economic factors:

 Introduction of industrial reform politics in 1991 has been a stable

step towards development of Indian economy.
 Policy held’s industrial licensing, liberalization of foreign capital,
formation of foreign investment promotion board and many
others, has resulted in constant improvement of India’s economic
environment.
 India has registered 5% improved GDP in 2014 than 2013. GDP is
constantly growing in India affecting its economy.

3. Social factors:
 The social factors refer to any social change, any lifestyle change
or a change in the trend of the society.
 These changes would impact the business environment in India.
For instance, let’s take the example of population of India: India
has a population of more than 1.2 billion people and out of that
15% people falls under the age group of 16-65.
 India’s ageing population is considerably resulting in rise of
pension costs and also increase in the employment of older
labourers. The ageing percentage contains varying flexibility, in
education, work and income distribution.

4. Technological factors:

 This factor influences economy as a whole within its core by

significantly influencing product development and introducing
fresh cost cutting process.
 India is a developing economy having 3G and 4G connectivity
which has facilitated several technological projects. However,
India has much more influence in IT sector other than any and also
possesses one of the strongest IT sectors in the world and it also
promotes constant IT development and technological advances.
 At recent times, India has also launched their satellites to space
and is slowly becoming the space power too.

5. Legal factors:

 Legal factors of India have been majorly influenced by britishers

and also Russia. In recent past, India has done several introduction
of new legal policies and advancements adding on to its legal
factors.
 Several changes such as recycling, minimum wages increase and
disability discrimination, which has directly impacted business and
trade in India.
 Legal advancements also stabilises Indian economic growth by
the application of static rules and regulation in its society and also
on the lifestyle of its people.

6. Environmental factors:

 When it comes to environmental factors, there are a huge number

of factors affecting India’s economic growth as a whole.
 Like quality of air in India has been adversely affected by
industrialization, modernization and urbanization, also resulting in
severe health problems.
 As a result, Indian government is trying to establish environmental
pressure groups, noise controls, and regulations on waste control,
waste disposal and all.
 Such regulations to stop these hazardous things which are a
stoppage to the growth of Indian economy.

EDUCATION AND CONSULTANCY SECTOR OF

INDIA
 I. EDUCATION SECTOR OF INDIA:
 MACAULAY introduced English education in india, especially
through his famous MINUTE OF FEBRUARY 1835. He wanted to
introduce education in india that would create a class of anglicized
Indians who would serve as cultural intermediateries between
British and the Indians.
 Before this introduction, India had guru and shishya culture of
education and had Gurukuls instead of Schools.
 There are mainly 4 levels of education in india:
1. Upper primary(age 11-12)
2. High(age 13-15)
3. Lower primary(age 6-10)
4. Higher secondary(age 16-18)

 Pertaining to education system in India there are 3 types of factors:

formal, informal and non-formal.

 Majorly Indian education is provided by public schools that are

controlled and funded by central, state or local and also it consists of
private schools. Indian constitution gives right to its each and every
citizen to pursue education for free between the age of 6 to 14 under
various articles.

 India has the largest population in the world mainly between the age
group of 5 to 24 years which presents large number of opportunities in
the education space. There is a high demand and supply gap in the
education sector of India. With huge number of English speaking
population delivering of educational products are made easy in India.
India was ranked 27 out of 80 countries in English proficiency index
2017.

 Safety regulations and competition regulations are the factors that state
what all are the preventive measures any institution can lead down for
transparent education to its citizens.
 According to V. R .TANEJA “Education and development is a two way
traffic while education provides , transmits and disseminates the whole
 economy. Development is the instrument and pre-condition of
educational thought.

 Mainly social education is the key aspect in the development of Indian

economy and that factors are:

a. Simplifying and ordering the economy along with societial

changes.
b. Purifying and ideolizing the economy and society.
c. Wider and better balance in economic growth and society.
d. Schools as miniature communities in the society.

 All the factors like social, economic, legal and political plays crucial role
in any economy where the prime developing factor is considered to be
education.

 Indian government is taking necessary steps to ensure that the

education should be distributed firmly and to all its citizens and to
stabilize their growth and development in near future.

 Every factor of economy should be legalized in every which way as to

provide education to all.
SECTOR WISE PLACEMENT AND COMPANIES OF INDIA
GROWTH OF EDUCATION INDUSTRY IN INDIA
II. CONSULTANCY SECTOR OF INDIA:
 Over the years after the independence, INDIA has invested in the
development of industries as specially consultancy industry because
when this industry will develop its economic position will automatically
have a pace on the world chart. The Indian consultancy industry has
started expanding in terms of size and service offerings. This industry has
witnessed a considerable increase in the number of the new comers.
The major strengths of Indian consulting organizations include:

a. Professional competence
b. Low cost structure
c. Diverse capabilities
d. High adaptability
e. Quick learning adaptability of the consultants

 The consultancy sector has been growing at a fast track and now
contributes more than 50% to the GDP of INDIA. India has fuelled by
increased demand for consultancy services by domestic and foreign
firms, this sector in India has been projected to grow at a very fast pace.
 There are mainly three sectors in consultancy industry in INDIA:

a. BUSINESS SECTOR:

 Business consultancy is referred to the practice of

helping management to improve their performance,
mainly through the analysis of existing organizational
challenges as well as competitive environment. Business
organizations may seek the consultancy services for a
number of reasons which includes gaining external
advice and access to the consultant’s specialized
expertise.
 The Indian business consultancy industry is diverse,
consisting of a wide variety of organizations, including
global strategy firms, consulting arms of technological
firms and the high value consulting assignments are
awarded every year by the Indian government.
  It is likely that multiple consulting firms could be
working at the same time with the single client engaged
in different facets of the business sector.

b. PLACEMENT SECTOR:

 The government is doing its best to bring about a better

balance between the demand and supply of work
opportunities.
 The Union Public Service Commission (UPSC) and the
Staff Selection Commission (SSC) conduct competitive
exams for recruitment to various services and post. The
government has also set up various employment
exchanges all over the country to facilitate recruitment
of suitable candidates into its various sectors.

 Indian job portal: The official of the government

of India designed ,developed and hosted by the
National Informatives Centre (NIC), a premier ICT
organization of Government of India under the
aegis of the Ministry of Electronics and
Information Technology.
 Staff Selection Committee(SSC): The estimates
committee of the Parliament in its 47th report
recommended the setting up of a service
selection committee for conducting examinations
for recruitment to lower category posts.
 Indian Government Jobs: Blog provide Indian
government public sectors and banking
recruitment notifications. The blog gathering and
collecting government jobs news from
employment newspaper , all government public
sectors and banking officials.
 Union Public Service Commission (UPSC): Civil
servants are employed through this examination
by the officials when they pass certain amount of
tests.
c. TRAINING SECTOR:

 India, with its huge population, is the most exciting

higher education market in the world.
 The education and training sector in India is standing at
$600 billion and the private education segment alone is
expected to cross $45 billion mark by 2015 from the
present $35 billion, according to a research by Investor
Relation Society. This sector is named as the major
employment driver in India in the Indian Job Outlook
Survey 2012. It is expected that employment
opportunities will continue to grow in this sector for the
next two decades:

 Huge potential: The higher education system in

India has witnessed remarkable growth in the
past few years. India is definitely ahead of other
developed countries in the field of education and
training. The number of institutes offering higher
education is much more in India when compared
to China and the US. A latest report by Ernst &
Young states that the number of institutes
offering higher education in India is 44,668. Of
that, 33,668 offer various degrees and the rest
offers diplomas. The total number of institutes in
China is 4,192, while in the US, the number is
6,500.

 New opportunities: Education and training sector

is undergoing a sea change in the recent past
with the focus shifted from public to private
sector. Private sector is also actively involved in
education and its role will become more
poignant in days to come. The private sector's
role in the higher education sector has been
growing at a rapid pace over the last decade and
needs to further expand at an accelerated rate.
 INTRODUCTION TO NORWAY

 Norway officially the Kingdom of Norway, is a Nordic

country in Northwestern Europe whose territory comprises the western
and northernmost portion of the Scandinavian Peninsula; the remote
island of Jan Mayen and the archipelago of Svalbard are also part of the
Kingdom of Norway.

 The Antarctic Peter I Island and the sub-Antarctic Bouvet

Island are dependent territories and thus not considered part of the
kingdom. Norway also lays claim to a section of Antarctica known
as Queen Maud Land.

 Norway has a total area of 385,207 square kilometres (148,729 sq mi)

and a population of 5,312,300 (as of August 2018). ] The country shares a
long eastern border with Sweden (1,619 km or 1,006 mi long).

 Norway is bordered by Finland and Russia to the north-east, and

the Skagerrak strait to the south, with Denmark on the other side.
Norway has an extensive coastline, facing the North Atlantic Ocean and
the Barents Sea.

 The country has the fourth-highest per capita income in the world on

the World Bank and IMF lists. On the CIA's GDP (PPP) per capita list
(2015 estimate) which includes autonomous territories and regions,
Norway ranks as number eleven. It has the world's largest sovereign
wealth fund, with a value of US$1 trillion.

 Norway has had the highest Human Development Index ranking in the

world since 2009, a position also held previously between 2001 and
2006. It also had the highest inequality-adjusted ranking until 2018 when
Iceland moved to the top of the list.

 Norway ranked first on the World Happiness Report for 2017] and

currently ranks first on the OECD Better Life Index, the Index of Public
 Integrity, and the Democracy Index.] Norway has one of the lowest crime
rates in the world.

 Norway has approximately 92,946 kilometres (57,754 mi) of road

network, of which 72,033 kilometres (44,759 mi) are paved and 664
kilometres (413 mi) are motorway The four tiers of road routes are
national, county, municipal and private, with national and primary
county roads numbered en route.

 The most important national routes are part of the European

route scheme. The two most prominent are the E6 going north-south
through the entire country, and the E39, which follows the West Coast.
National and county roads are managed by the Norwegian Public Roads
Administration:

 Norway has the world's largest registered stock of plug-in electric

vehicles per capita.

  In March 2014, Norway became the first country where over 1 in
every 100 passenger cars on the roads is a plug-in electric.

 The plug-in electric segment market share of new car sales is also

the highest in the world.
 STEEPLED ANALYSIS OF NORWAY

1. Social Forces:

 There is no doubt that the society is continually changing. The

tastes and fashions are a great example of this change.
 One of the most significant differences is the growing popularity
of social media. Social networking sites like Facebook have
become very popular among the younger people.
 The young consumers have grown used to mobile phones and
computers.
 The younger generation prefers to use digital technology to shop
online. Older people will perhaps stick to their traditional
methods. The effect of changing society is an often discussed.
 Also understand that these changing factors have a toll on
businesses too. Changes in the social factors can impact a firm in
many different ways.
 Below is a list of social factors which impact customer needs and
size of markets:
 The social aspect focuses on the forces within the society.
Family, friends, colleagues, neighbors and the media are
social factors. These factors can affect our attitudes,
opinions and interests.
 So, it can impact sales of product and revenues earned.

2. Technological forces:

 In the early 1990s, use of the Internet by the public became

common. Today, surfing the net and e-mailing are part of our
everyday lives. Information and communication technology (ICT)
evolves quickly and is now used by enterprises, the public sector
and households.

 According to the “Information Society Development Committee”

every third person in the country is using Internet. The biggest
groups that use the Internet at all times are persons within the
age group of 15-19 (82, 5%) and from 20-29 (55, 1%). 
   Companies are using the Internet as a distribution channel. From
2007 up to 2008 there was an increase in using the Internet at
work of 4, 5 %.

  According to a report by Dagens Næringsliv in June 2016, the

country would like to ban all gasoline and diesel powered vehicles
as early as 2025. In June 2017, 42% of new cars registered were
electric.

 Today there are more and more cafes, restaurants and bars that
are creating their personal web-pages to give a nice first
impression to their customers.
 In relation to that, Norwegians can find any café or bar in the
portal (e-catalogue) like www.gulesider.no and
www.visitoslo.com, where a lot of dining and relaxing places can
register.
 According to gulesider there are over 310 cafes in Oslo and
around 22 in St. Hanshaugen area.
 However most of them have no web-page. Therefore it is an
advantage for them to use a portal like gulesider.no to advertise
themselves to the whole country.

3. Economical forces:

 Economical environment consists of factors that affect consumer

purchasing power and spending patterns. 

 Global economy is slowing down and Gross Domestic Product

(GDP) is decreasing in the advanced countries, East Europe and
Asia. 

  Global consumption for goods and services increased

tremendously since the 60’s, meaning that people have more
money to spend on what they want rather what is needed, but
have slowed down during the two last years. 

  Due to the financial crisis also the global GDP growth has slipped
from 2.5 percent in 2008 to 0.9 percent in 2009.
  Developing countries’ growth decline from 7.9 percent in 2008 to
4.5 percent in 2009. The global economy has shifted from “a long
period of strong growth” led by developing countries to a time of
“great uncertainty.” 

 Norway has a stable economy with a long-standing record of

political stability and fiscal responsibility, and boasts a sizeable
petroleum surplus, a sound banking system and a healthy stock
exchange.

 Although facing challenges in the current economic environment,

the country, the Government and the people of Norway are
confidently prepared to continue the positive economic progress
of the past years. 

 Norway’s oil resources and fish stocks continue to boost its

economy along with others sectors offering employment to 2.5
million people with an unemployment rate of 2.4 per cent , being
one of the lowest in the world. After lacklustre growth of less than
1.5% in 2002-03, GDP growth picked up to 2.5-6.2% in 2004-07,
partly due to higher oil prices. Growth fell to 2.3% in 2008 as a
result of the slowing world economy and the drop in oil prices.

  To curb growth in unemployment, the Government proposes to

increase the spending of oil revenues by a further NOK 9.5 billion
to a total of NOK 130 billion during the 2009 fiscal year. This
amounts to NOK 39 billion in excess of the estimated return on
the Government Pension Fund – Global. The overall fiscal stimulus
in 2009 is estimated at 3.0 per cent of non-oil.

 Unemployment is estimated to increase to 3¾ per cent in 2009

and to 4¾ per cent in 2010. 

4. Political forces:
 Norway is seen as one the most stable country in the world and it
scored in the top ten among 181 economies in the World Bank
Group’s Doing Business 2009 report on ease of doing business,
 registering property, trading across borders, enforcing contracts
and closing a business. 

 Analyzing economic and political statistics of Norway we can say

that Norway stands at a better footing than any other country
when it comes to economic and political stability.
 Norway has always been a monarchy with absolutely no
opposition pressures.
 This is evidence of political satisfaction among its masses and a
stable promise for the future as well.
 Political factors might influence company’s efficiency and
effectiveness either in a positive way in terms of means of power
or in a negative way in terms of abuse of power.
 It is important for companies and owners to be aware of the
country’s political situation and also of various regulations.
 The preference of living in a country is scaled on one’s personal
security and the spectrum of opportunities available for social,
financial and individual growth.
 Norway is a country that best fulfils these demands of a
prosperous life.
 It has the lowest crime rate in the world and no serious
transnational disputes, affirming the earlier statement about
personal security.
 Norway is a member of the European Free Trade Association
(EFTA) and participates in the European Union (EU) single market
through the European Economic Area (EEA) accord.

 Norway grants preferential tariff rates to EEA members, and as an

EEA signatory, Norway assumes most of the rights and obligations
of EU member states.

 Although Norway maintains a liberal trade and investment regime

with respect to industrial products, then EEA doesn’t apply for
agriculture products.

  As a potential owner of a chocolate cafe, it is important to

acquaint yourself with regulation about agricultural products,
especially the difference between raw material vs. processed
products and domestic vs. foreign. For example the owner is
eligible for price reduction in case of preferring and using
domestically produced chocolate and other sweets.
5. Enviornmental forces:

 Today, Norway is an oil-rich nation with a relatively high standard of

living. Started in the 1970s, the Norwegian oil industry supports the
country’s robust social welfare, education and cultural programs.
 Although economic pressures called for austerity measures to be
enacted during the 1980s – Norway’s oil-backed economy has
flourished.
 Norway is one of the largest exporters of oil in the world. It is also one
of the largest reserves of natural gas in Europe after Russia.
 The petroleum sector forms the ‘spine’ of the Norway’s economy.
 Because of which, Norway is one of the richest countries in the world
(according to the organization for Economic Co-operation and
Development (OECD) statistics).
 Norway’s energy policies on oil and gas resources and revenues
‘promote sustainability and reliability’ as a supplier country.
 When Norwegians had their environmentalist awakenings during the
1960s, they began dealing with localized ecological issues and the
consequences of using hydroelectric power.
 These challenges included sewage pollution in the Oslo fjord and
several inland waterways, as well as industrial pollution and species
decline.

6. Legal forces:

 “Norway has a legal system that you can trust,” said Tor Steig,
senior economist at the Confederation of Norwegian Enterprises
(NHO), Norway’s main business and employer organization.

 “We have better regulation in general, such as in the banking

sector, and we have competent people on an egalitarian wage
scale.” 

 Consumer law — consumer law (alternatively known as

consumer protection) is designed to protect consumers
 from fraudulent companies or practices, and preserve their
rights in the marketplace.

 “How does this affect businesses though?”, you might ask.

For example, consumer law results in large companies
having to dedicate a fair amount of their resources into
putting out detailed information about their products and
policies.

 On the other hand, consumer law in itself makes a business

for some private watchdog companies.

 Employment law — employment law, also known as labour

law, dictates how companies’ employees should be treated.
 Minimum wage laws can limit the various different
employment possibilities a company can offer, child labour
laws can affect the way tight-knit home businesses in third
world countries operate, and dismissal laws can make firing
employees (for whatever reason, perhaps unproductivity)
that bit harder.

7. Ethical forces:

 The Norway is a society bound by laws. These laws define the

difference between right and wrong, and what is considered
acceptable behavior by the majority of people.
 A business organization must abide by these laws to uphold its
ethical standards. Wage and hour laws that protect employees are
one example, while guidelines overseeing environmental
protection are another.
 Businesses must adhere to laws instituted by the federal
government, the state and the local municipality.
 There are situations where the actions of a business organization
are legal, yet they may not be particularly ethical.
 This is a fine line and the organization has a responsibility to self-
police if it wants to be held to a high ethical standard.
 The second level of ethical standards for a business organization
concerns its internal policies and procedures.
  The business creates these as a guideline for its managers and
employees to follow.
 A set of clearly stated, highly ethical policies takes the guesswork
out of decisions made on a daily basis.
 These policies should include hiring practices, termination
procedures, sexual harassment issues, vendor relationships and
gift-giving limits.
 When staff members of an organization are trained in a
company's policies, actions and reactions become second nature.
Ensuring those policies are ethically sound removes the possibility
for improper actions or decisions.

8. Demographic forces:
 Consumer behavior can be affected by several factors. It can be
different from person to person based on his age, income, sex,
education and marital status.
 You can easily notice the difference between the buying decisions
and consumer behavior of two different people from different
economic groups. A person with high level income makes big
ticket purchases whereas one from lower economic strata makes
small ticket purchases. 
 These factors are evident at the surface. However, there are
several factors affecting buying decisions and consumer behavior.
Some of these differences are easily noticeable whereas the
others might be a little difficult to observe.
 Age is an important demographic factor that affects consumer
behavior. As people grow, their needs change.
 Similar changes come to their buying decision making patterns.
With age, our health needs change and so do many other needs. 
 Age brings changes to people’s lifestyle and with it their needs
and personal values are also affected. When people are young,
they spend more on their lifestyle needs from fun and movies to
fashion.
 As they grow older, their expenses on these things shrink. Elderly
people mostly remain indoor, however, their health related
expenses may rise. 
  In this way, age becomes one of the fundamental demographic
factors affecting consumer behavior and buying decisions.
 Between male and female sexes, several things are different and
these differences also affect their buying choices. The two sexes
have different needs in terms of fashion and lifestyle.
 So, their consumer behavior in these two areas can be vastly
different.  It is mainly the difference in needs that lead to differing
choices. However, there are several areas where consumption
patterns can be similar too like in terms of food and fun.
 The same movies and same fast food brand may appeal to both
the sexes. The same is true about technological gadgets too.
 However, there are still several products in the market which are
meant for either of the sexes not each.  Decision making patterns
may also vary between the two sexes.
 The homemakers are less likely to be involved in impulse buying. 
 So many advertisements that you daily come across are directed
at either of the sexes.
 From beer adverts to the grooming products, the same adverts
do not appeal to both the sexes.
 In most of the households, it is the women that influence most of
the product choices.

EDUCATION AND CONSULTANCY SECTOR

OF NORWAY

1.EDUCATION SECTOR OF NORWAY:

 Norwegian educational policy is deeply rooted in allowing all
members of society to have the equal right to a quality education,
regardless of where in Norway they live or their cultural and social
background.
 It is the responsibility of the schools to provide welfare for all and
a basis for wealth creation. They must also promote social
mobility, as well as convey both culture and knowledge.
 The teaching that takes places at schools in Norway is to be
adapted to the skills and abilities of the individual students.
Disabled students are to have easy access to special education.
 Students who are not able to participate in regular school
activities are also entitled to easy access to whatever special
education they may require.
 The amount of students belonging to language minorities is
increasing due to the rise in immigration. Consideration must be
given to language minority students' special needs, according to
the Norwegian educational policy.
 This allows the language minority students to finish upper
secondary education and begin higher education, if they desire.
Education in Norway consist of different levels:

 There is a 10 year compulsory education in Norway. In

primarily consists of lower secondary education.

 It is optional to have upper secondary education.

 Educational authorities in the county administration have

the responsibility of making sure that the appropriate
amount of education is accessible to adults, young
people and children in all counties and municipalities.
 The operation of lower and primary secondary schools is
controlled by the individual municipalities.

 The counties control the upper secondary schools. 

 Educational programs at universities comprise the higher

education sector.

 The completion of three years of upper secondary

education is necessary to be admitted to these programs.
  The state operates all of the higher learning institutions in
Norway, except for a few institutes that are private.

 All institutions have a large amount of administrative and

academic autonomy.

Different frameworks of education of Norway

government:

 The government and the Storting (Norwegian national assembly) are

responsible for establishing the budgetary frameworks and specifying
the objectives of the educational sector.
 The agency responsible for educational matters is the Ministry of
Education and Research.
 They are also responsible for the implementation of the national
education policy.
 The school system of Norway is unified and based on a common
standard.
 As a way of ensuring that the educational standards of the government
are met, a national curriculum was introduced. 

2.CONSULTANCY SECTOR OF NORWAY:

 Thomas Kirsebom, a former management consultant at several leading

consultancy firms, has joined the newly launched office of Pedersen &
Partners in Norway.

 Kirsebom joined a duo of experienced headhunters from Flensby &

Partners in the switch to the larger rival network of Pedersen & Partners.

 Joining Torp in the move were Thomas Kirsebom and Marit Kamark.
 Kirsebom spent most of his career in management consulting, working
for consulting firms Roland Berger, Capgemini Consulting
(nowadays Capgemini Invent) and PA Consulting Group.

 At Capgemini, he was a Vice President and head of the Munich Office, as

well as head of the Transportation practice for Central Europe.

 During his eight year spell at PA Consulting Group, Kirsebom was a
member of the firm’s management team in the Nordics, and led the
People, Organisation & Change and Aviation & Transport practices in
Scandinavia.

 Prior to joining Flensby & Partners in Oslo, he helped Swedish company

Navigio establish an executive search subsidiary in Norway.

 Growth of the industry over the years:

 The Nordic consulting industry as a whole grew strongly in 2017,

reaching a market value of €2.77 billion on the back of a healthy
5.7% growth rate.

 The consulting market growth rate of every Nordic country has

accelerated compared to two years ago, with Sweden posting
both the fastest growth rate and the highest revenues.

 The region’s largest market – seeing the strongest growth rate of

6.9% to €944 million – was almost matched by an upsurge in the
region’s smallest, Finland, which grew by 6.8% in the same period.

 Commenting on the performance of Norway’s consulting sector last

year, Hans Christian Westlye, from Enterprise Federation of Norway
Virke, and Director of Virke Consulting and Technology, said, “The fact
that Norway’s consulting market has continued to grow at all since the
onset of lower oil prices has to be seen as an achievement in itself .
 Despite that, overall, consultants remain upbeat about the state of the
market, and with work around digital transformation picking up across
 the Nordics and in every sector of the economy, things look well
positioned for 2018.
 It’s also important that we are seeing both large and small firms
benefitting from the digital transformation story.”
 Drawbacks of consultancy industry:

 The limited growth could also partially be explained by the

increasing talent crunch being felt across the developed world.

 With an ageing population now no longer a matter for the future,

with falling birthrates and a growing number of skilled employees
reaching retirement age meaning the workforce is no longer able
to easily replace itself, the demand for skills is higher than the
availability of the right people.

 As is the case with the consulting industry across the Western

world, Norwegian consulting firms face the challenge of recruiting
top talent among an increasingly competitive market.

 Many of the professionals they are eyeing with key skills are for
instance recruited to the expanding digitisation and IT
departments in the public sector.

a. BUSINESS SECTOR:

If you have huge capital for investment, you should look

in the direction of building a Shopping mall in any of the
busiest cities in Norway.
If your Shopping Mall is well positioned and is of good
standard, then you can be rest assured that the entire
shopping outlets will be easily occupied when you open
it up to the public.
Apart from the Oil and Gas Industry, another sector
where millionaires are made is the Real Estate Sector.
The Real Estate business is indeed a very flourishing one
in Norway and it is still very much open to investors.
So if you are looking toward joining the ranks of
millionaires in Norway as an entrepreneur, then you may
consider establishing your own real estate company.
 b. PLACEMENT SECTOR:

"Norway's ICT Spends in Government Sector - Future Perspective to

2019" provides the readers with potential spends value on ICT within
Government sector of Norway during the period 2016 through to 2019.

 In particular, it provides information of potential spends by

following categories and further split at segment level: 
a. BPO Services
b. IT Hardware
c. Enterprise Communications Services

 Understand the opportunities for ICT market in Norway's

Government sector and how it is set to change in future.

 Make effective business decisions by recognizing the

opportunities within each of the core areas of ICT sector.

c. TRAINING SECTOR:

Strategy consultants are, together with corporate finance advisors, M&A

lawyers and investment bankers, also active in the M&A space, with a
focus on strategic and commercial activities in the pre-deal phase,
although consultancies are also hired in many cases to manage the initial
period of the post-merger integration phase.
Strategy consulting firms serve companies and investors, for instance,
with building business cases to understand the economic drivers of
mergers or acquisitions and, further down the line, support clients with
due diligence work on potential targets.
Other areas in which strategy consultants can play a role in M&A
include supporting the establishment of alliances and joint ventures,
managing divestitures / carve-outs and facilitating Initial Public
Offerings.
 BUSINESS CONSULTANCY INDUSTRY OF NORWAY

COMPARISON OF PESTLE AND STEEPLED ANALYSIS OF

INDIA AND NORWAY

1.ECONOMIC COMPARISON:

 INDIA:

India is developing into an open-market economy, yet traces of its past

autarkic policies remain.
 Economic liberalization measures, including industrial deregulation,
privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and have served
to accelerate the country's growth, which averaged under 7% per year
since 1997.

India's diverse economy encompasses traditional village farming,

modern agriculture, handicrafts, a wide range of modern industries, and
a multitude of services.
Slightly more than half of the work force is in agriculture, but services
are the major source of economic growth, accounting for nearly two-
thirds of India's output, with less than one-third of its labour force.

India has capitalized on its large educated English-speaking population

to become a major exporter of information technology services,
business outsourcing services, and software workers.

In 2010, the Indian economy rebounded robustly from the global

financial crisis - in large part because of strong domestic demand - and
growth exceeded 8% year-on-year in real terms.

However, India's economic growth began slowing in 2011 because of a

slowdown in government spending and a decline in investment, caused
by investor pessimism about the government's commitment to further
economic reforms and about the global situation.
High international crude prices have exacerbated the government's fuel
subsidy expenditures, contributing to a higher fiscal deficit and a
worsening current account deficit.

In late 2012, the Indian Government announced additional reforms and

deficit reduction measures to reverse India's slowdown, including
allowing high’.er levels of foreign participation in direct investment in
the economy.
The outlook for India's medium-term growth is positive due to a young
population and corresponding low dependency ratio, healthy savings
and investment rates, and increasing integration into the global
economy.
 India has many long-term challenges that it has yet to fully address,
including poverty, corruption, violence and discrimination against
women and girls, an inefficient power generation and distribution
system, ineffective enforcement of intellectual property rights, decades-
long civil litigation dockets, inadequate transport and agricultural
infrastructure, limited non-agricultural employment opportunities,
inadequate availability of quality basic and higher education, and
accommodating rural-to-urban migration.

 NORWAY:

The Norwegian economy is a prosperous mixed economy,

with a vibrant private sector, a large state sector, and an
extensive social safety net.
The government controls key areas, such as the vital
petroleum sector, through extensive regulation and large-
scale state-majority-owned enterprises.
The country is richly endowed with natural resources -
petroleum, hydropower, fish, forests, and minerals - and is
highly dependent on the petroleum sector, which accounts
for the largest portion of export revenue and about 20% of
government revenue.
Norway is the world's third-largest natural gas exporter;
and seventh largest oil exporter, making one of its largest
offshore oil finds in 2011.
Norway opted to stay out of the EU during a referendum in
November 1994; nonetheless, as a member of the European
Economic Area, it contributes sizably to the EU budget.
In anticipation of eventual declines in oil and gas
production, Norway saves state revenue from the
petroleum sector in the world's second largest sovereign
wealth fund, valued at over $700 billion in January 2013 and
uses the fund''s return to help finance public expenses.
After solid GDP growth in 2004-07, the economy slowed in
2008, and contracted in 2009, before returning to positive
growth in 2010-12, however, the government budget is set
to remain in surplus.
 2.ENVIORNMENTAL SECTOR:

 INDIA:

Current issues of INDIA are : deforestation; soil erosion;

overgrazing; desertification; air pollution from industrial
effluents and vehicle emissions.

Water pollution from raw sewage and runoff of agricultural

pesticides; tap water is not potable throughout the country;
huge and growing population is overstraining natural
resources.

 NORWAY:

Current issues of NORWAY are : water pollution; acid rain

damaging forests and adversely affecting lakes, threatening
fish stocks; air pollution from vehicle emissions.

3.POLITICAL SECTOR:

 INDIA:

common law system based on the English model; separate

personal law codes apply to Muslims, Christians, and Hindus;
judicial review of legislative acts.

 NORWAY:

mixed legal system of civil, common, and customary law;

Supreme Court can advise on legislative acts

4.TECHNOLOGICAL SECTOR:

 INDIA:
 INDIA is lacking a swiftness in the technological aspect in few
sectors like classroom teaching ,technology in the science field
and is ranked 68th in this sector.

 NORWAY:

NORWAY is the fast growing developed country in every aspect

of technology as its ranked 8th in the growth of this sector.

5.SOCIAL SECTOR:

 INDIA:

Life satisfaction inequality has ranked 20th means 35% more

than NORWAY.

 NORWAY:

Life satisfaction inequality has ranked 80 th means 35% less than

INDIA.