business in india

Indian economy has come into its own and gained impetus in recent years. Carrying out a business in India has become an attractive proposition, not only due to its 8% annual growth rate, but also as a result of a healthy capital market and the growing foreign exchange reserves in the country.

There is today no dearth of business opportunities in India with its economy soaring to the fourth largest position in the world in terms of purchasing power.

The Indian government has implemented a number of policies for the aid of entrepreneurs in starting a business in India. This together with the strong fundamentals of Indian economy earned the 43rd rank for India in the world economic forum’s GCI position for the years 2006 and 2007.

India has emerged as a highly appropriate destination for foreign enterprise. This is primarily due to its intellectual middle class which is emerging gradually, a low wages competitive labour force, rich natural resources, vast geographical terrain, higher disposable incomes and progressive as well as friendly business policies which are also investment friendly.

Business etiquette in India has undergone a big transformation with the advent of globalization. Industrial leaders of India are seen to be introducing vast changes in business policies and practices and their implementation to attract international business into India.

In a nutshell, India is making a progressive journey from privatization to liberalization where business is concerned.

Foreign trade policies in India are committed to attract FDI. The government is making every reasonable effort to sustain and improve the eight percent growth rate.

Indian policy makers and industrialists are employed in offering a healthy and robust economic environment for private and public enterprises in order to remain rooted and grow within the country.