It is now official that India is the most preferred country to do business in and is among the hottest business and investment destinations in the world today, as researched by Grant Thorton International (GTI), one of the world’s leading independently owned consultancy firm. The figures also place India much ahead of the G8 countries like Japan, Germany, & France.
There are many compelling reasons for all types of companies to expand trade in India and to invest in India as well. India is a fast-growing market. With a population of more than one billion, India is the world's fastest growing, free-market democracy. India's GDP is growing at about 9% annually.
Major infrastructure improvements are happening in the country. Over the next several years, India's transportation, energy, environmental, health care, high-tech, and defense sectors are expected to undergo a major overhaul, which will create greater demand for products and services.
India has a tremendous consumer demand. India's middle class (200 million people and growing) has increasing purchasing power and increasing consumer demand.
More than 58% of the Indian population is aged less than 20 years. That's more than 564 million people - nearly twice the total population of the United States. This younger population has an increasing desire for high-tech products and services.
Companies starting a business in India or investing in India, need a local partner who understands the Indian market place and the dynamic business landscape. A representative office is required by a global company for interacting with their Indian associates, to develop and expand their businesses in India.
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