About India
- World’s largest democracy with 1.3 billion people
- Focus on infrastructure development
- Large and growing domestic consumer market
- Demonstrated capability to deliver high-quality, cost-effective solutions
- Large competitively-priced skilled talent pool
- Integrated tax structure
- Enabling business environment
- Expertise across a spectrum of services
Major Investment Destination
In order to attract investments and improve India’s ranking, Government of India has been constantly working to improve ease of doing business, and India is now a Favoured Investment Destination -:
- Fastest growing major economy in the world in 2018 and 2019
- 6th largest economy in the world by nominal GDP and 3rd largest economy globally by PPP
- 1st rank globally in inward greenfield FDI inflows in 2016
- India ranks 8th in global services exports accounting for 3.4% of world trade in commercial services
Growth Enabler
India has phenomenal enablers of growth which represents a massive growing domestic consumer base with Rising disposable income and urbanization. As India has a Large, young human capital base as more than 800 million people under the age of 34 years.
Champion Services Sectors
Business & Regulatory Environment in India
- Fiscal prudence and accountability
- Integrated tax regime
- Enabling Ecosystem
- Services push
- Job creation and inclusive growth
Regulatory Environment – India
1. Evolution of foreign investment regulations
- Governed by Foreign Exchange Management Act, 1999
- Progressive liberalization in the policies
2. Foreign Direct Investment (‘FDI’) in India
- Automatic route (No prior approval requirement): such as railway and road infrastructure
- Approval route (Prior government approval required before setup): such as multi brand retail trading
Business & Regulatory Environment in India
Reforms focus is on the following factors -:
- Fiscal prudence and accountability
- Integrated tax regime
- Enabling Ecosystem
- Services push
- Job creation and inclusive growth