The Indian economy is on a robust growth trajectory and boasts of a stable annual growth rate, rising foreign exchange reserves and booming capital markets among others. With government efforts like
‘Make in India’ and policies for promoting investments in the country, India is poised to become a top global destination for Foreign Direct Investment.
A focus on education, job creation and skill enhancement in 25 key sectors and an emphasis on infrastructure
improvements with 500 university level institutions, 74 per cent literacy rate and a number of SEZ’s
operating all over the country, make India one of the best places for doing business.
Make the most of this India opportunity with professional inputs from experienced and qualified knowledge
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statutory, financial and reporting compliances; tax audit requirements and disclosures in accordance
with the provisions of Indian Income Tax Laws and International Foreign Reporting Standards (IFRS) audits
in accordance with GAAP.
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acquisition laws to get the necessary approvals.
India's growth potential much higher than 7 per cent, says Nouriel Roubini
India has a growth potential much higher than seven per cent and can grow at around eight to nine per cent with the reforms being undertaken by the present government and their quick implementation, according to American economist Mr Nouriel Roubini.
Indian growth robust powered by domestic engine, says Nomura
India's GDP growth is likely to pick up to 7.8% in fiscal 2016-17. Despite weak global cues, India's growth is expected to continue in the next fiscal year mainly due to robust domestic economic environment powered by rising disposable income, a normal monsoon and public infrastructure investment by the government, according to Nomura research.
21st century will be India's: Virginia Rometty, IBM
IBM's Chief Executive Ms Virginia Rometty expressed her growing confidence in India by predicting that the country will be the centre of cognitive shift or the fourth technology shift driven by artificial intelligent systems like IBM’s Watson, summarising that the 21st century will come to be known as the Indian century.
India's economic growth rate should pick up to 7.5 percent in the 2016/17 fiscal year.
"The broad message is that India's growth trajectory is pretty strong by international standards - not to mention the advanced economies," IMF Resident Representative Thomas Richardson told Reuters.
The World Bank projected that India would remain comfortably the fastest growing large economy in 2016, at a rate more than a percentage point higher than China's.
In its report Global Economic Prospects, the Bank projected the Indian economy to grow at 7.8% in 2016 and China's to grow at a more modest 6.7%.
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