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IIIndia has a population of 1.02 billion, and many people project India will overtake China's population by 2040. IIndia has become the
fourth largest economy in the world after the US, China and Japan, according to the Washington Post (Dec. 28, 2004). The US has 21.1 per cent of the world gross domestic product, China 12.6, Japan 7, India 5.7,
Germany 4.5, France 3.2, UK 3.2, Italy 3, Brazil 2.8, Canada 1.9, Spain 1.8 and Mexico 1.8.
Investment in Indian market India, among the European investors, is believed to
be a good investment. India presents a vast potential for overseas investment and is actively encouraging the entrance of foreign players into the market. No company, of any size, aspiring to be a global player can,
for long ignore this country which is expected to become one of the top three emerging economies.
Success in India Success in India will depend on the correct estimation of the
country's potential, underestimation of its complexity or overestimation of its possibilities can lead to failure. While calculating, due consideration should be given to the factor of the inherent difficulties and
uncertainties of functioning in the Indian system.Entering India's marketplace requires a well-designed plan backed by serious thought and careful research. For those who take the time and look to India as an
opportunity for long-term growth, not short-term profit- the trip will be well worth the effort.
Introduction A country that has bowled over the entire
world with its beauty and culture is India.A country that is loved by all and sundry for its peace and tranquility its historical base and heritage its monuments,its medicine,its Ayurveda and above all its
bliss.This country has been a very fast developing country and is the cynosure of the moment in the entire world.Be it nuclear power, export and import, growth in per-capita income or gross domestic product or be it
any field, India is on the roll.This country is very famous for its natural beauty and its role in maintaining peace in the entire world.
India is in the scene and is doing good at the moment and is growing
leaps and bounds.Any traveller who is visiting a country which is having all these features - then you are here.Visiting India and exploring all these beautiful things is a matter of pride and a real chance of
opportunity.Economically, the country is doing really good and is on its way to become a super power in the world.
Business and Economy The economic
policies of India are designed to attract good amount of capital inflows into India on a continuous process and to encourage technological growth by sigining agreements between India and other countries for the
progress of the country.In the last years, the inflow of foreign investment has been tremendous in all the sectors except the public sector.As of now, India is one of the most exciting markets in the world with very
skilled managerial and technical manpower that match the best in the world.
Foreign Direct Investment (FDI)
is permited as under the following forms of investments. - Through financial collaborations. - Through joint ventures and technical collaborations. - Through capital markets via Euro issues.
- Through private placements or preferential allotments
Foreign Investment through GDRs (Euro Issues) Foreign Investment through GDRs is treated as Foreign Direct Investment Indian companies are allowed
to raise equity capital in the international market through the issue of Global Depository Receipt (GDRs). GDRs are designated in dollars and are not subject to any ceilings on investment. An applicant company
seeking Government's approval in this regard should have consistent track record for good performance (financial or otherwise) for a minimum period of 3 years. This condition would be relaxed for infrastructure
projects such as power generation, telecommunication, petroleum exploration and refining, ports, airports and roads.
Major Cities The major cities
of this magnanimous country which make this country a exqusite country are both a mixture of the A grade cities and the B grade cities.Cities like Bombay, Delhi, Bangalore, Chennai, Kolkata, Ahmedabad, Hyderabad are
some of the prime cities which are considered as the commercial hubs of the country.Whereas, cities like Jaipur,Goa,Pune,Jammu,Uttar pradesh and many more are the culural hubs of the country.The country has a rich
cultural base and th above mentioned cities keep up the prestige of the country high in the entire world scenario.
Restrictions However, investment in stock markets and
real estate will not be permitted. Companies may retain the proceeds abroad or may remit funds into India in anticiption of the use of funds for approved end uses. Any investment from a foreign firm into India
requires the prior approval of the Government of India.
Fact Sheet GDP: purchasing power parity - $3.319 trillion (2005 est.)
GDP real growth : 6.2% (2005 est.) GDP composition by sector: agriculture: 23.6% Industry: 28.4% Services: 48% (2002 est.) GDP PER-CAPITA: purchasing power parity - $3,100 (2005 est.)
LABOUR FORCE : 482.2 million (2005 est.) LABOUR FORCE BY OCCUPATION : agriculture 60%, industry 17%, services 23% (1999) UN-EMPLOYMENT RATE: 9.2% (2005 est.) POPULATION BELOW POVERTY LINE: 25% (2002 est.)
PUBLIC DEBT : 59.7% of GDP (federal debt only; state debt not included) (2005 est.)
IIndia is a country that is racing ahead towards becoming a super power very soon. People from across the globe are
attracted towards this country because of iits features and anybody who is interested in visiting and investing in a fast growing economy, you know - where.
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