The India business culture is unique in it's own way. The Business culture in India is just an extension of the common culture of the society. The basic Cultures followed in Indian Businesses are:
GREETINGS AND COURTESIES:
Whenever Indians greet each other or say good-bye they do it with the namaste, which is formed by pressing the palms together (fingers pointing up) below the chin and nodding the head. When greeting superiors or showing respect, a slight bow is added. Indians also greet by a handshake. When meeting a woman, a man should wait for her to initiate a handshake. If she does not, then the man will smile and nod slightly. This is the basic India business culture .
DECISION MAKING:
Decisions are taken slowly and carefully. Indians require time to discuss every aspect regarding any matter, and then gives a final answer. Plans are made patiently. Impatience is viewed as rude, and high-pressure attempts to get things done faster are resisted and resented.
TOPICS OF CONVERSATION:
Talking about friends and family is an important part in the India business culture for building up a good relationship with those involved in the negotiating process. Indians tend to be enthusiastic when discussing about politics and religion.
MEETINGS:
Indians value punctuality in others, but will often be late themselves. Also, traffic is a major problem in Indian cities. Indian executives generally prefer to meet in the late morning or early afternoon. Most meetings usually begin with a pleasant small talk over a cup of tea. Having tea at regular intervals is an important part of the India business culture .
BUSINESS ATTIRE:
Mainly formals are worn. That is a formal shirt and a formal pant. Usually on the last working day of a week casuals are worn. But that should be descent. Women should wear casual dresses or pants ensembles.
BUSINESS GIFTS:
Business Gifts are not normally expected or given at the first meeting. Gifts may be given once a relationship with your counterpart has developed. Suggested gifts could be: Imported Whiskey (only if the recipient drinks), pens, ties, calculators, desk accessories, etc.