Doing Business in India?
---India - with its consistent growth performance and abundant highly skilled manpower provides enormous opportunities for
investments. India is the largest democracy and tenth largest economy in the world. India is the fourth largest economy in the world in terms of purchasing power parity.
---India has a federal system of Government with clear demarcation of powers between the Central Government and the State Governments.
---India provides a liberal, attractive, and investor friendly investment climate.
---India has the most liberal and transparent policies on foreign direct investment (FDI) among major economies of the world.
Does India has liberalized and simplified foreign exchange controls?
---Rupee is freely convertible on current account.
---Rupee is almost fully convertible on capital account for non-residents.
---For FDI- Profits earned, dividends and proceeds out of the sale of investments are fully repatriable.
---There are some restrictions for resident Indians on capital account on incomes earned in India.
How is Indian economy
---Indian economy has been growing at an average growth rate of about 8.8% p.a over the last three years; the growth rate in 2007-08 was 9%.
---Imports in 2007-08 grew by 29% and exports by 25.8%.
---Manufacturing sector grew by 8.8% and services by 12% in 2007-2008.
---India has a large middle class and 55% of its population is below the age of 25.
---High economic growth and rising per capita income has resulted in high growth in the domestic market, which is the prime growth engine for Indian economy.