- The largest democracy and the 4th largest economy (in terms of purchasing power parity) in the world. India is also the tenth most industrialized country in the world. - With its consistent growth performance (7.2% in GDP in 2009-2010 and 8.5% in 2010-2011) and abundant high skilled manpower, India provides enormous opportunities for investment, both domestic and foreign. - Home to approximately 1.1 billion people with a fledgling middle class of approx. 350 million is one of the largest emerging markets in the globe.
- It also has 54% of population below the age of 25 years i.e. a head count of over 500 million people guaranteeing the future growth of availability of labour, productivity, and consumerism. - Goldman Sachs has put Brazil, Russia, India and China (or in short BRIC) as the group of countries which has started taking full charge of growth of the global economy. Considering the recent studies conducted on BRIC, India would overtake most of the G-8 countries in a few decades time from now. According to the study “dreaming with BRICS” by Goldman Sachs, Indian economy is expected to continue growing at the rate of 5% or more till 2050. - Since the beginning of economic reforms in 1991, major reforms initiatives have been taken in the fields of investment, trade, financial sector, exchange control simplification of procedures, enactment of competition and amendments in the intellectual property rights etc. - India provides a liberal, attractive and investor friendly investment climate that provides freedom of entry and exit, investment, location, production, choice of technology, import and export etc. Foreign investment is welcome in almost all sectors barring those of strategic concern. FDI inflows approved in the period August 1991- December 2009, has been US $ 168,358 million (source: Department of Industrial Policy and Promotion, Ministry of Commerce and Industry). - Easy communication through English, the main business language in India.
- Thrust on technology, innovation, and knowledge based industries and services. - Rich base of mineral and agricultural resources. - Well developed R& D infrastructure and technical and marketing services. India has joined the select club of countries with advanced technology in some areas such as space research, atomic energy, supercomputing ad oceanography.
- One of the largest manufacturing sectors in the world, spanning almost all areas of manufacturing activities. - Legal protection for intellectual Property Rights. - India offers tax incentives to encourage investments in Special Economic Zones, priority industries and to promote industrialization of industrially disadvantageous areas. - Rupee is convertible on Current Account at market determined rate. - Free and full repatriation of capital, technical fees, royalty and dividends. - No income tax on profits derived from export of goods. - Complete exemption from customs duty on industrial in-outs and Corporate Tax holiday for 5 years for 100% Export Oriented units and units in export Processing Zones. - Developed banking system, commercial banking network. - Corporate Tax applicable to the foreign companies of a country with which agreement for Double Taxation exists, can be one which is lower between the rates prevailing in any of the two countries and the treaty rate. - India has been recognized as destination for business and investment opportunities with an assured potential for attractive investment.