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Get to Know About India
India is the second most populated nation in the world and is located in South Asia. The Indian economy is recognized today as one of the fastest-growing in the world. This has happened mainly after the economic liberalization steps India took two decades back. Its GDP has grown at a very good rate during the last few years since it started adopting free-market policies.
The service sector is the mainstay of the Indian economy, followed by the industrial and agricultural industries. Some of the major developed industries in India include chemicals, textiles, food processing, steel, mining, etc. India’s exports include fruits, software, jewelry, leather goods, among others.
There are many advantages to doing business in India. Hence, many potential investors always have an eye on this country. One of the major benefits is that this country has a very well developed infrastructure. A majority of the Indian population comprises of young people, and hence this provides investors with a readily available skilled workforce. Indian minds are known worldwide for their skills, knowledge, and performance throughout the globe. The government policies are investor-friendly, making the task of doing business in India an easy proposition. The costs of running a business are also meager.
Challenges in doing business in India include the slow functioning of the public sector undertakings along with corruption and bribery issues. The Indian weather is also unpredictable sometimes with unexpected heavy rainfall or scorching climate.