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Doing business in India 2012-13 EY report | business challenges India - EY - India

Leaders on India



"Today, India has global responsibilities of a kind that it did not have earlier. Our presence at the high table of global economic policy makers is a matter of some satisfaction. If India can continue to build on its economic strength, it can be a source of stability for the world economy and provide a safe destination for restless global capital."

--Pranab Mukherjee
President and Former Finance
Minister, India (March 2012)



"We are keen to see FDI investment to surge in India and to that end, a favourable business climate will be helpful in going forward. We are encouraged to see there is a continued path towards fiscal consolidation. That there is a determination to improve the tax code. There is a determination to cap the subsidies at two per cent. All of those measures are good measures."

--Christine Lagarde
Chief, IMF (March 2012)

"Despite challenging economic conditions,India continues to be among the fastestgrowing economies in the world. Thegrowth might have climbed down to 7% from itsnormal trajectory of 8.5%–9.0%; nevertheless, itcontinues to be impressive in the midst of anxietyall around. A large domestic market led by theemergence of a important middle class population,investor-friendly policies, rising foreign exchangereserves, availability of skills and demographicprospects are some of the strong positives that arebehind the Indian growth story.”"

--Chandrajit Banerjee
Director General, Confederation of Indian Industry (CII), 2012

 

Doing business in India

Despite the global slowdown, the Indian economy continues to grow at a positive rate and has achieved a strong position on the global map.

With its robust financial systems and mature capital markets, India has emerged as one of the most attractive destinations for business and investments in the world.

India’s strong fundamentals, like the growing middle class, cost competitiveness and domestic consumption capacity have made it a preferred destination for MNCs from across the globe.

Our Doing business in India 2012 guide offers an overview of India's commercial climate and explores entry options for global businesses in India. It aims to guide MNCs by simplifying the complex decision-making process while undertaking foreign operations.

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Some key aspects make it a preferred destination for business:
  • Over 65% of the population belongs to the age group of 15-45 years.
  • The FDI regime has been progressively liberalized, by relaxing the restrictions on foreign investment and simplifying the procedures.
  • The clearing house system has been strengthened by enhancing the Banking Laws Amendment Bill 2011.
  • Strong FII investment in 2011–12 amounted to approximately INR937b.

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What is this report about?


Doing business in India focuses on aiding companies that are either doing business in India or planning an entry into the country. The report provides an intimate knowledge of the country's evolving commercial climate. It explores India's key sectors, investment climate, funding scenario, laws and regulations, and many more relevant areas.


 

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