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DESTINATION INDIA - A BUSINESS REPORT

Many western companies are today doing very active business with an din India. Many more are still going to India as you read this. What is India all about? Read all about it in our Business Report "DESTINATION INDIA" Click Here for more details.

 

BPO - A PERSPECTIVE ON OUTSOURCING

India is on the Hot Seat as far as Business Process

Outsourcing goes. Get our Internationally Acclaimed

Business Report on this industry. Click Here

 

CALL CENTERS - AN INTRODUCTION

Riding the BPO boom in India is the Call Center industry, saving millions for western companies and generating million job opportunities for Indians. Read all about this industry in our Business Report. Click Here

 

WHY INDIA

India is the fifth largest economy in the world and has the second largest Gross Domestic Product (GDP) among emerging economies, based on purchasing power parity. In 1991, India embarked on a bold economic reforms programme, with a view to integrate its economy with the global economy, and attain the type of growth that countries in the Asia Pacific have exhibited over the last two decades. Eleven years after the reforms began, the Indian economy stands transformed to a great extent. 

Private sector investment has responded vigorously to the Government's economic reforms, which have promoted competition, removed major policy distortions and hurdles, and improved access to factors of production such as technology and capital. Developing an increasingly global focus, the Indian corporate sector has expanded in capacity and upgraded its technology. Simultaneously, it has been clocking higher sales and profits. 

With diverse industries spread across the country, a mature and dynamic private sector (which accounts for 75 per cent of India's GDP), and a market of immense potential, India offers unlimited opportunities for business. 

Low labour costs, a huge pool of skilled manpower, and abundant natural resources make India a highly competitive manufacturing base for global exports in addition to catering to the vast domestic market. The use of English for business and official communication, and the high-quality managerial and technical talent created by some of the best higher education system in the developing world, add to India's business friendliness. Besides this, its geographic location makes it ideal for exports into the growing markets of the world. 

In the eleven years of economic liberalisation, policies, procedures and regulatory aspects have been radically simplified, both at the central and state levels. State governments are encouraged to compete with one another for foreign investment. This has resulted in the many attractive incentives being offered to investors. Several state governments have set up 'single-window clearance facilities' and 'investor escort services' to smoothen the passage of investment proposals. 

The political consensus on economic liberalisation, not only at the Central level but in all the states too, ensures the continuation and progressive strengthening of investor-friendly policies. The reforms programme is irreversible and no longer dependent on the continuation of a particular political party in power. 

India possesses richness and diversity of culture, geography, climate, and natural and mineral resources that are matched by few other countries in the world. The world's largest democracy, India has fundamental strengths that provide a good business environment

  • The Use Of English As The Principal Language Of Business And Administration

  • An Established Independent Judiciary

  • A Strong Legal And Accounting System

  • A Free And Vibrant Press

  • An Abundance Of Qualified And Skilled Manpower

  • Self-Sufficiency In Agriculture

  • Buoyant Industrial Growth

  • Large And Diversified Infrastructure And Industries Spread Across The Country

  • A Strong And Mature Private Sector (Accounting For 75% Of India's GDP) Growing Exports

  • A Comfortable Balance Of Payments Situation

  • Current Account Convertibility

  • A Developed Banking System And Financial Markets

  • High Domestic Savings And Investment Rates

  • Stable Inflation Rate

In recent times, an ongoing transformation of the regulatory framework in India has been initiated aimed at simplifying and rationalising policies and procedures in every sector of the economy - trade, industry, foreign investment, finance, taxation and the public sector. The reforms have succeeded in achieving a large degree of macro-economic stabilisation, and economic growth based on a sustainable current account deficit, stable inflation rate, rising domestic savings and a lower fiscal deficit. The reform process is deregulating the economy and stimulating domestic and foreign investments, with a significant emphasis on promoting the development of infrastructural facilities and foreign investment in the same.