<abstract xmlns="http://www.w3.org/1999/xhtml"><p>As for Hungary, core motivation factors in building economic relations are boosting the export performance of SMEs and attracting FDI projects of high added value. India as an export market is definitely a challenging target for Hungarian companies as geographic distance, cultural differences, infrastructure, and regulatory barriers can all be considered as pull-back factors. Nevertheless, an innovative product and international experience combined with the involvement of a local partner can result in success. India is one of the most important Asian investors in Hungary with a very diverse FDI stock in terms of economic sectors. Indian investors are mostly satisfied with the business environment in Hungary; however, labour shortage is considered as a challenge to be addressed. Compared to building relations with China, India today receives less attention in Hungary. However, both governments could do a lot more in accelerating the interactions of Hungarian and Indian businesses and creating more opportunities to raise economic relations to the next level.</p></abstract>

As for Hungary, core motivation factors in building economic relations are boosting the export performance of SMEs and attracting FDI projects of high added value. India as an export market is definitely a challenging target for Hungarian companies as geographic distance, cultural differences, infrastructure, and regulatory barriers can all be considered as pull-back factors. Nevertheless, an innovative product and international experience combined with the involvement of a local partner can result in success. India is one of the most important Asian investors in Hungary with a very diverse FDI stock in terms of economic sectors. Indian investors are mostly satisfied with the business environment in Hungary; however, labour shortage is considered as a challenge to be addressed. Compared to building relations with China, India today receives less attention in Hungary. However, both governments could do a lot more in accelerating the interactions of Hungarian and Indian businesses and creating more opportunities to raise economic relations to the next level.

Economic Relations of Hungary and India: Seeking Ways to Be Better Than ‘Just Good’

Acta Universitatis Sapientiae, European and Regional Studies

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

As for Hungary, core motivation factors in building economic relations are boosting the export performance of SMEs and attracting FDI projects of high added...

Economic Relations of Hungary and India: Seeking Ways to Be Better Than ‘Just Good’

Published Online: Feb 20, 2020

Page range: 77 - 90

DOI: https://doi.org/10.2478/auseur-2019-0013

Keywords
Hungary, India, economic relations

© 2019 Péter Goreczky, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Economic Relations of Hungary and India: Seeking Ways to Be Better Than ‘Just Good’

Published Online: Feb 20, 2020

Page range: 77 - 90

DOI: https://doi.org/10.2478/auseur-2019-0013

KeywordsHungary, India, economic relations

© 2019 Péter Goreczky, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Hungary, India, economic relations