India is a developing nation and can play host for a diverse range of businesses. Its growing economy and positive environment are beneficial for creating businesses and maintaining stability in the long run.
Business Sustainable Environment
Enviable Human Resources
With a population of over 1.38 billion, India is home to some of the smartest minds in the world. It rightly becomes the preferred choice of foreign companies seeking a proficient workforce to establish their business in the country.
Comprehensive Tax System
India enjoys a comprehensive network of tax treaties with several nations which results in ease of doing business for companies. Besides, the recent modification by the Goods and Services Tax (GST) as well as the Direct Taxes Code have made taxation a lot easier.
Large corporations and major Fortune 500 companies have their presence in India making it a leading global hub for businesses. India holds 65% of the universal offshore outsourcing market and the numbers are only on the rise.
A pivotal reason for companies setting their offices in India is its competitive pricing. Not only is India more affordable compared to a lot of other countries, but its speedy delivery and quick turnaround time also work in its favour.
Supportive Government Policies
The Indian government introduces a lot of business-friendly policies for companies looking to invest here. Be it cost concessions or its huge trade network, it offers an immense advantage to companies with its favourable policies.
India prides itself on its strong base of English-speaking population that is equipped to handle businesses across geographical boundaries. It is an attractive business destination for international organisations seeking to expand their business locally.
Increasing Foreign Direct Investments
The global and liberal policies of the Indian government have led to a rise in the FDI in the last 5 to 10 years. This serves as a big motivation for global investors as well as Indian businessmen.
The time difference between India and other countries gives an ideal margin to companies to complete their jobs beforehand and keep ahead of their offshore offices. This leads to greater efficiency and more time to work on the primary business areas.
India boasts of advanced infrastructure and technical competencies that make it a hotbed for companies. It unlocks a lot of opportunities in different sectors.