The Indian economy is on a robust growth trajectory and boasts of a stable annual growth rate, rising foreign exchange reserves and booming capital markets among others. With government efforts like ‘Make in India’ and policies for promoting investments in the country, India is poised to become a top global destination for Foreign Direct Investment.
A focus on education, job creation and skill enhancement in 25 key sectors and an emphasis on infrastructure improvements with 500 university level institutions, 74 per cent literacy rate and a number of SEZ’s operating all over the country, make India one of the best places for doing business.
India a preferred business destination
- An abundance of natural resources
- A strategic location near South East Asia, the Middle East and Europe markets
- Supported by a strong road, rail and seaport infrastructure and bolstered by 125 airports including 11 international airports
- India has a young population, with around 65% in the age group of 15 to 64 years.
- The country’s GDP grew by 7.9% for the 10 year period ending 2012–13, despite the global economic meltdown of recent years.
- The e-commerce market in India has enjoyed phenomenal growth of over 40% in the last few years from US$3.6b in 2009 to approximately US$10b in 2012.
- The new Companies Act 2013 legislation will greatly impact doing business in India
- Growth of the service sector, reliance on domestic consumption
- Growth in infrastructure
Make the most of this India opportunity with professional inputs from experienced and qualified knowledge partners like us who can ease the process of setting up and establishing your business in India. Researched updates will keep you abreast of the latest developments to help you cope with legislations and policies, statutory, financial and reporting compliances; tax audit requirements and disclosures in accordance with the provisions of Indian Income Tax Laws and International Foreign Reporting Standards (IFRS) audits in accordance with GAAP.
As knowledge partners, we don’t just implement and monitor entry strategies to India but also help you navigate the complex regulatory environment with relative ease. Through due diligence in compliances, we identify and decode red tape snags, interpret and simplify taxation rules and analyze and overcome thorny land acquisition laws to get the necessary approvals.