DOING BUSINESS IN INDIA

Doing Business in India -


India''s New Opportunity- 2020 Report.

Synopsys:

The steam engine (and its successor, the internal combustion engine) heralded the industrial revolution that led to economic growth in the West. These engines required fuel - coal and petroleum. As the industrialised countries exhausted their own sources of supply they turned increasingly to other sources, which resulted in the economic growth of the supplying countries, such as the oil producing countries of the Middle East. This pattern is unfolding again. The growth paradigm of Western economies requires another kind of fuel – knowledge workers and skilled professionals. For example, U.S. growth rates of the 1990s are primarily attributed to productivity increases enabled by a highly skilled workforce. In the next two decades developed countries will face a shortfall of fuel (skilled professionals) and once again will have to look towards developing countries to make up the shortfall.

India has a distinct comparative factor advantage as a vast reservoir of skilled manpower. The demographic differentials reveal that over the next 20-30 years, India has distinct advantages in a population profile concentrated in the younger age group, where many new opportunities can be fully optimised.

What are the policies that would enable India to optimise these emerging opportunities and what should we as a nation do in concert so that we turn out to be winners and not losers?

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India’s International Trade Policy

India’s Trade Policy and Global Trade Initiatives

Prime Minister Modi’s recentlyreleased foreign trade policy aims to, among other things:

Nearly double exports of merchandise and services from $465.9 billion in 2013-14 to $900 billion by 2019-20.

Increase India’s share of world trade from 2% to 3.5%.

Incentivize Special Economic Zones.

Boost “Make In India.”

Support services exports.

Increase trade facilitation efforts.

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Indian Embassy & Consulates in OIC Nations

OIC Nations Embassy & Consulates in India

2015 Investment Climate Statement - India

BUREAU OF ECONOMIC AND BUSINESS AFFAIRS
May 2015 Report

Synopsis:

While the government has managed to push through a number of investor-friendly reforms, including an increase in foreign direct investment (FDI) limits in insurance to 49 percent, on others, such as land acquisition, it has failed to muster sufficient political support. On still other long-awaited reforms—the Goods and Services Tax, labor law reforms, and subsidies reform among them—as of April 2015, the government had yet to put a program before Parliament. Thus, while the outlook has improved considerably, objective conditions for doing business in India remain similar to years past.

Opportunities in the current scenario are manifold. Indian conglomerates and high technology companies are generally equal in sophistication and prominence to their international counterparts. Certain industrial sectors, such as information technology, telecommunications, and engineering are globally recognized for their innovation and competitiveness. Foreign companies operating in India highlight that success requires a long-term planning horizon and a state-by-state strategy to adapt to the complexity and diversity of India’s markets.

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Source: Govt. of India

- - Foreign Trade Policy Statement - - Foreign Trade Policy 2014

- - Foreign Trade Policy 2015-2020 Announcement on 2015