With GDP growth in excess of 7 per cent and FDI inflow of USD 60 bn in 2016-17, India is both the fastest growing economy and the largest recipient of FDI, globally.
Over the last few years, the government has delivered landmark structural reforms (including Insolvency and Bankruptcy Code, 2016, Ind-AS, and Goods and Service Tax) which are expected to further propel this growth.
The sustained reform focus of the government is also reflected in the World Bank's Ease of Doing Business global rankings, with India moving up the rankings into the top 100. All this is indicative of a sustained growth potential that India is firmly poised to unleash in the coming years.
This guide is intended to serve as a primer for companies planning to enter the Indian market to tap into the host of opportunities that lies across various sectors. This version of the guide provides information on the country's legal, accounting and taxation framework.
We hope you will find this guide informative and useful.