Why Choose India for Business ?
Economy with a Boost: - India is one of the world's fastest-growing economies
- As per the recent study of IMF in year 2020 Despite of fighting with COVID-2020 India is ranked 20th at the Growing Real GDP Chart of the World and will keep the Real GSP growth at 1.9 % where the Developed and major developed countries shall record a negative real GDP growth rate Thus India shall remain to be one of the fastest growing leading economies in the world. CHANGYONG RHEE, Director, Asia and Pacific Department, IMF said Despite the short-term economic slowdown, the government implemented a nationwide lockdown and we support this India’s proactive decision.
- In the Latest Quarterly Fact Sheet for December 2019 released by the Department of Industrial Policy & Promotion, Government of Indian, the FDI inflows trend to have been increasing since 2015-16. The latest data shows inflow of FDI in Three quarters of FY. 19-20 to be $ 36769 Million, and it has grown by 10% over the last year and India Observed a herculean 48% growth in FDI equity inflows after MAKE in India.
- The United Nations Conference on Trade and Development (UNCTAD) has anticipated India was among the top 10 recipients of Foreign Direct Investment (FDI) in 2019, and estimates that India will attracting $49 billion in inflows, a 16% increase from the previous year, driving the FDI growth in South Asia.
Young Skilled Workforce: India has largest youth population in the world
We are 1.3 Billion Consumers – a Huge domestic market
Rising economic influence
Huge domestic market
India intends to invest huge in its infrastructure to facilitate the new businessMcKinsey Global Institutereports that Over the next three decades, more than 350 mn Indians will move into cities. As per the Press Information Bureau, Government of India Over the next two decades, more than $ 1.5 tn investments have been planned for infrastructure. Investments planned across the key government initiatives in various sectors: such as on Highways (Bharatmala& NHDP) – $ 106.5 bn, on Railways – $ 131.7 bn, on Ports – $ 61.5 bn (Port development) + $ 123 bn (Port-ledIndustrialisation) on Airports – $ 58 bn, on Industrial, Corridors – $ 100 bn (DMIC – phase I) and on Smart Cities – $ 14.6 bn
Rising Global competitiveness
India has raised the global competitiveness, as per World bank India jumps 65 positions from 142nd (2014) to 77th (2018) in ‘World Bank’s Ease of Doing Business Ranking 2018’..As per world Economic ForumIndia ranks 40th on the Global Competitiveness Index 2017-18. The Government of India says that the95% of 1.2 bn Indians are covered under Aadhar Scheme, one of the world’s largest social security programandPradhan Mantri Jan Dhan Yojana, a formalization of savings scheme under which 312 mn bank accounts have been opened with savings amounting to $ 11.6 bn. Further,Goods and Services Tax (GST), the biggest tax reforms since independence, paves way for a common national market by integrating various indirect taxes.