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Home >>India Business
India Business
India Business has experienced a significant growth owing to its competitive stand in the world. The business world in India has maintained a steady rising graph.
The Indian economy is on a role with its' steady 8 percent plus annual growth rate, rising foreign exchange reserves and booming capital markets among others. Observing the statistics, the macroeconomic situation of the country seems quite strong and positive. The GDP in the third quarter of 2006-07 grew at an impressive rate of 8.6 percent.
The Government of India has played a major role in its efforts to maintain the 8 percent plus growth rate and provide for a contributive policy environment to the enterprises, including both the public and private sector, to invest and grow their business in India.
To add to this, the Government has also liberalized the foreign investment regime substantially over the last decade which has tremendously helped in the improvement of the business scene in India. The India Business largely owes its development to the Government.
The positive points for the growth of Business in India:
- India is the world's largest democracy.
- A large group of young skilled work force, cost effective production facilities, large domestic market.
- Development in infrastructure, industrial base and intellectual capital.
- Progressive tax reforms.
- Progressive opening of the economy to FDI.
- Liberal policy on technology collaboration.
- Policies tailor made to suit the investors which in turn will help the growth in India Business.
- Acceleration of the privatization process and restructuring of public enterprises.
- Good quality research and development work promoting the business market in India.
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