Doing Business with India

On this page:

  • Basic Information about India
  • Legal System and Laws in India
  • Corporate Taxes in India
  • Tax Incentives for Exporters
  • Double Taxation Treaties
  • Transfer of Technology
  • Repatriation
  • Privatization in India
  • Litigation in India and Dispute Resolution in India
  • Arbitration in India
  • Joint Ventures in India by Foreign Investor
  • Establishing a Subsidiary in India by Foreign Investor

Some Basic Facts about India

Did you know that India.....

  • is the world's second largest small car market
  • is one of only three countries that makes its own supercomputers
  • is one of six countries that launches its own satellites
  • one hundred of the Fortune 500 have R & D facilities in India
  • has the second largest group of software developers after the U.S.
  • lists 6,500 companies on the Bombay Stock Exchange (only the NYSE has more)
  • is the world's largest producer of milk, and second largest producer of food, including fruits and vegetables
  • is a world economic power, with growth over the past few years averaging 8%
  • is the world's fourth largest economy, based on purchasing power parity
  • sends more students to the U.S. A. colleges than any other country in the world (In 2007, over 84,000 Indian students enrolled in the U.S. A.)
  • has the world's second largest pharmaceutical industry after China
  • has a middle class estimated at 300 million out of a total population of 1 billion with its large base of English speaking skilled human resource, it is most sought after destination for business process outsourcing, Knowledge processing etc.
  • is the second largest English-speaking scientific, technical and executive manpower in the world
  • produces more than 900 movies a year - significantly more than the USA
  • has become increasingly attractive to foreign investors in various sectors
  • its low costs and huge, English-speaking, workforce have made it popular with multinationals for work including manufacturing and call centers.
  • provides many tax exemptions to companies set up in Special Economic Zone
  • provides many tax incentives available to IT companies, business process outsourcing and KPO companies
  • has a stable political system based on parliamentary democracy
  • has a common law legal system with English as a court language
  • is emerging as a major market and investment destination.

India is the largest country in South Asia and the seventh largest in the world. China, Nepal and Bhutan are the neighboring countries in the north, Bangladesh and Burma in the east and Pakistan and Afghanistan in the west. In the south the country tapers off into the Indian Ocean. India is the second most populous country in the world, with over one billion people. India is the largest democracy in the world. English is extensively used for business and is understood almost all over India. The Indian Rupee (International symbol is INR) is the country's currency. India is committed to a free economy after having an economy controlled by licensing until 1991. India has become a member of the WTO and is disbanding quantitative restrictions on imports.