The chapter provides an overview of the business system in India. It highlights the historical origins, continuities and changes in the Indian business system with reflections on culture, state institutions and nature of capital - financial, human and social. The chapter elaborates the areas of comparative advantage for Indian business, the role of networks and cultural attributes. The international activities of Indian firms are explored as is the dimension of Corporate Social responsibility. Finally, the chapter alludes to the living and working conditions in India.