Doing Business with India, High Commission of India, London

Doing Business with India

India stands as a vibrant and diverse country whose economy is increasingly integrating with the world economy. The sweeping economic reforms undertaken in the last decade have had far reaching consequences. GE Capital terms it unique, PepsiCo finds it one of the fastest growing and Motorola is sure it will turn into a major sourcing centre. Indian operations have occupied centre stage in these giants' global networks.

The large and growing market, developing infrastructure, sophisticated financial sector, flexible regulatory environment, incentives, stable polity and strong economic outlook make India an attractive investment destination. The business environment here is considered conducive for achieving high level of sustainable growth.

Current economic indicators

The solidity of the Indian economy is evident from its stability in the backdrop of a recessive Asian market. The latest estimates of the Central Statistical Organisation (CSO) project Gross Domestic Product (GDP) growth of 5.4 per cent during 2001-02.

India has entered the new millennium with a strong and robust financial outlook. Average annual real GDP accelerated from 5.4 per cent during the 12-year period ending 1991-92 to 6.4 per cent during 1992-1993 through 2000-2001. The overall growth performance of the industrial sector during 2001-02 is expected to be somewhat lower than that of the previous year. However, combined with the continued performance of the services sector, particularly of the information technology sector, the Indian economy is expected to achieve a healthy growth of 6 per cent.