Historic NSG waiver to India to generate more than USD 70 billion business to global suppliers of equipment/ components to nuclear power & related sectors - more
All pointers suggest that the Indian Economy is set to consolidate its Growth - more
Guidelines for Transfer of Ownership or Control of Indian Companies from Resident Indian Citizens to Non-Resident entities - more
Mauritius Tightens procedure for issuance of Tax Residency Certificate- more
Apex Court decisions: No tax on overseas operations, Indirect inputs eligible for benefits, Interest on interest, Interest on borrowed funds transferred to subsidiary deductible -more
Landmark decisions of ITAT on taxability of payment for Data Processing, Downlinking Services, Withholding tax, DTAA benefits and tax liability - more
AAR Decisions: Income from sale of Equities by FIIs taxable as Capital Gains, Employees travelling overseas for 180 days treated as Non-Residents, Morgan Stanley case, etc. -more
India is one of the fastest growing
economies with a huge population base of 1.10 billion, which
provides a ready market for all your products and services.
Ever increasing demand for various products and services
in India coupled with massive investment plans being implemented
by the Government of India will undoubtedly ensure that
India would grow at a fast pace for at least several decades
to come. Here are a few reasons why India is a compelling
destination for expanding your business:
India is currently one of the fastest
growing economies in the World with GDP growing at 9.3% in April 2007 - March 2008 (GDP growth in Apr 2006-Mar
2007: 9.7%)
India is the fourth largest economy
(US$ 3 trillion GDP) in terms of Purchasing Power
Parity after USA, China and Japan.
Large and growing market of 1 billion people of which 300 million are middle class consumers. India offers a vibrant market of youth with 54% of population below the age of 25 years.
The number of households with "high income" is expected to increase by 60% in the next four years to 44 million households.
India has a sound banking system coupled
with a well developed, vibrant but tightly regulated
capital market.
India has a diversified and large
industrial base, which is becoming globally competitive
India has the largest pool of low
cost skilled workers apart from second largest
pool of engineers, scientists and information technology
professionals
100% Foreign Direct Investment is allowed
on automatic basis in most of the sectors
Special incentives and tax-breaks are
given for certain sectors/zones
In view of several projects/initiatives
taken up by the Government of India, investment potential
in various sectors during the next eight year span is
in excess of US$ 500 billion (refer"WHY
INVEST IN INDIA ?" for sector-wise investment
potential).
Several large corporates
including many of the Fortune 500 companies and scores of
medium and small business enterprises have ventured into
India and have expanded their business considerably.
With the economy and the market for various products &
services booming in India, this is the right time to venture
into India.
Can your business
afford to ignore India for achieving significant Top line & Bottom line growth? - If not, it is time to plan your
foray into India.
We at Indiabizsolutions
can provide you with a comprehensive and complete end
to end solution for all your Indian business requirements.
