Advantage India
India is a land of tremendous opportunities and vast potential, possessing the natural resources, diversity of culture, and skilful labour force, all of which can be matched by very few other countries in the world. India is now the fourth largest economy in the world in terms of purchasing power parity and the economy is currently growing at a remarkable rate of over 7% annually – the second fastest growing economy in the world.It is therefore no surprise why India has seen a surge in foreign investment in recent years – a trend that shows no signs of slowing down, despite the recent global liquidity crunch. India offers investors a rapidly growing market. The growth is driven largely by the rising spending power of a large domestic middle class population - which is also one of the youngest in the world - creating a more dynamic and rewarding market. The ongoing liberalisation of the economy and introduction of new economic policies has also reinvigorated the country and created a sea of new opportunities for domestic and foreign investors. Corporates entering the Indian market are instantly gaining competitive advantage by enjoying the numerous benefits that the country and its thriving economy provide. India is embracing change at supreme pace and the world is now embracing India..
India’s vibrant and rapidly-growing economy :
- 4th largest economy in the world by GDP measured on a purchasing power parity basis
- Rapid annual growth rate of more than 7%
- IT Industry is worth $14 billion and growing at 50% p.a
- Self-sufficiency in agriculture
- High domestic savings and investment rates
- Large and diversified infrastructure and industry, spread across the country
- Strong and mature private sector
- Current account convertibility
- Partial capital account convertibility
- High exports growth rate and a comfortable balance of payments situation
- Developed banking system and financial markets
- Low inflation
India has certain fundamental strengths that assure and foster foreign investment :
- Use of English as the link language – India is the 2nd largest English-speaking population in the world
- Fast-growing population which is among the youngest in the world
- Strong legal and accounting system
- Established independent judiciary
- A free and vibrant press
- Large engineering and software manpower pool.