Business in India
Second Largest Country by population, Seventh Largest by land area, India is a country located in South Asia.
India is a federal republic governed by democratic parliamentary system. It is a pluralistic, multilingual and multi-ethnic society.
In Global Innovation Index, India ranks # 1 in the Central & Southern Asia Region.
Economy: One of the world’s fastest growing economy in the world evidenced from highest ever FDI inflow of $67.54bn during Apr.- Dec.20. Positive moves are made by Government of India to further boost economy by introducing ‘’Make in India’’, Digital India , Atmanirbhar Bharat Abhiyan (Self-reliant India), Start -up India campaign to attract foreign investments.
Human resource: India is home for 17% of the world’s population and more than 50% of its population is below 25 years. It will continue to be have one of the youngest populations in the world as Median age of Indians is expected to be 38 against 53 in China and 55 in Japan by 2050.
Ease of doing business: India jumps 79 positions from 142nd (2014) to 63rd (2019) in ‘World Bank’s Ease of Doing Business Ranking 2020’.Goods and Services Tax (GST), the biggest tax reforms since independence, paves way for a common national market by integrating various indirect taxes.
