AGN Country Portals

Doing Business in India

Published Oct 2017.

India is the seventh-largest country in the world by area, the second-most populous country (with over 1.32 billion people), and the most populous democracy in the world. It shares borders with Pakistan, China, Nepal, Bhutan and Bangladesh to the east.

India originated with the Indus Valley Civilization from 3300 BC to 1300 BC. In the fifth century, large parts of India were united under Ashoka Buddhism but in the reign of Mauryas, Hinduism took shape fundamentally.

In the eight century, Islam came to India and by the 11th century it firmly established itself in India. The famous North Indian dynasties were finally succeeded by the Mughal empire. The European presence in India date to the seventeenth century, and it is in the latter part of this century that the Mughal empire began to disintegrate, paving the way for regional states.

During the first half of the 20th century, a nationwide struggle for independence was launched by the Indian National Congress and the Muslim League, leading to independence from Great Britain in 1947, after being partitioned into India and Pakistan.

In 2017, the Indian economy was the world's sixth largest by nominal GDP and third largest by purchasing power parity. Following market-based economic reforms in 1991, India became one of the fastest-growing major economies and is considered a newly industrialized country. However, it continues to face the challenges of poverty, corruption, malnutrition and inadequate public healthcare.

A nuclear weapons state and regional power, it has the second largest standing army in the world and ranks fifth in military expenditure among nations. India is a federal republic governed under a parliamentary system and consists of 29 states and seven union territories. It is a pluralistic, multilingual and multi-ethnic society and is also home to a diversity of wildlife in a variety of protected habitats.  

 

Relationships with international businesses continue. In order to avoid the 'redundancy' risk of the use of static data about various countries, this portal incorporates various live data feeds from:

The Organisation for Economic Cooperation and Development (OECD)
The World Bank
The Observatory of Economic Complexity


The intention is to provide access to live information extracted from the regularly refreshed databases maintained by these organisations.

 

 

Use the navigations buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.

OECD Country Comparison Portal

The window below is a direct feed of regularly updated information from the OECD. It provides data concerning everything from GDP growth, fiscal balance, investment, and unemployment rates to consumption, import volume and export volume. The window allows comparisons between Brazil and other countries of the OECD average for these factors.

Inflation (CPI)

Total, Annual growth rate (%)

World Bank Development Indicators

The window below is a feed from the World Bank website and shows the primary World Bank collection of development indicators, compiled from officially-recognized international sources. It presents the most current and accurate Indian and global development data available, and includes national, regional and global estimates. Amongst others it covers critical areas of Agriculture & Rural Development, Climate Change, Economy & Growth, Education, Energy & Mining, Environment, External Debt, Health, Infrastructure and Labor & Social Protection

Exports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods exported from India.

Imports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods imported into India.

Trade Balance

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph illustrates the subsequent trade balance of exports and imports to and from India.

Destinations

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph shows the destinations of goods and services by country.

 

Business Opportunities in China:

Top 5 Foreign Direct Investment     (June 2016)

Foreign Direct Investment (FDI) accounts for approximately 11% of global GDP and more than 80 million jobs worldwide. There are four critical motivators that drive companies to pursue direct investment in foreign countries: 
Natural resource seeking, which speaks for itself. Market-seeking e.g. to gain access to new customers. Efficiency-seeking to reduce production costs by gaining access to new technologies or competitively priced inputs, and finally strategic-asset seeking such as valuable brands, new technologies, or distribution channels.

THE TOP 5 BEST COUNTRIES TO INVEST ARE: 
NO 5 - IRELAND - Many viewed Ireland's tax environment as one of the best in the world, scoring just behind Luxembourg and Panama. Business starts ups get 3 years tax free and then move to a 12.5% rate, which is practically half the global average.  
NO 4 - INDONESIA - Due to oil and massive reserves of other natural resources Indonesia has one of the biggest economies in the world. The Indonesian government are pursuing a radical agenda of reforms to assist FDI.
NO 3 - VIETNAM - Recently free trade agreements have been signed with the European Union and 11 members of the Trans Pacific Partnership (TPP).
Most economic indicators show resilience and point towards a good period of growth. 
NO 2 - SINGAPORE - Educated citizens and intellectual property protection law, along with large ex-pat communities make Singapore an attractive launch pad into the broader Asia region.
NO 1 - INDIA - Recently outperforming china as the top recipient of FDI in 2015, the governments campaigns to create favorable investment conditions in 25 key sectors, and the hugely successful Make in India campaign, have both contributed to India taking the number 1 slot.  

find the firm best prepared to serve you

China - Healthy for healthcare     (November 2015)

Attention all healthcare businesses! China needs your investment to help it triple its healthcare provision by the end of the decade. China needs foreign support to replace or upgrade many of its 25.000 hospitals as of end of March, 2014. 


A current pilot scheme has relaxed investment rules allowing the establishment of wholly foreign-funded hospitals, either by acquisition or new build, in seven of its cities and provinces. Currently a $350bn industry McKinsey predict that China’s healthcare market is set to top $1.3trn by the end of 2020.

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Big boost for business Start Ups in India...?     (March 2016)

If you are looking for ways to develop your business in India, or you are seeking a supportive environment in which to innovate, this might be an option.  
The Start-up India Action Plan is a set of structural and regulatory reforms designed to protect start ups in the face of aggressive anti competitive strategies from large established corporates.  

A ‘startup’ is judged to be an entity that is headquartered in India and was started less than five years ago. It needs to have an annual turnover less than US$3.7 million. It can be foreign owned, or initiated by entrepreneurs from outside of India.   

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AUSSIE TECH – BIG OPPORTUNITIES FOR DIRECT INVESTMENT     (Jan 2018)

There are huge opportunities for AGN technology clients in Australia. Between 2014 and 2020, the contribution of digital technologies to Australia's economy is forecast to grow 75% to A$139 billion.

Almost all of this growth (97%) is predicted to take place in a range of traditional sectors such as financial services, agribusiness, life sciences, resources and energy. The Australian government warmly welcomes foreign investment in the some critical areas.

find the firm best prepared to serve you

China - Healthy for healthcare

Nov 2015

Attention all healthcare businesses! China needs your investment to help it triple its healthcare provision by the end of the decade. China needs foreign support to replace or upgrade many of its 25.000 hospitals as of end of March, 2014.

A current pilot scheme has relaxed investment rules allowing the establishment of wholly foreign-funded hospitals, either by acquisition or new build, in seven of its cities and provinces. Currently a $350bn industry McKinsey predict that China’s healthcare market is set to top $1.3trn by the end of 2020.

find the firm best prepared to serve you

Tax Publications:

TAX CARDS 2016

Countries Comparison


General Guide to Asia Pacific Countries Tax Facts

 

read full publication
 
TRANSFER PRICING 2016

Countries Comparison


A collection of transfer pricing summaries of countries in the Asia Pacific Region

 

read full publication
 

AGN News:


January 2018

New Chair for International Business Development Committee


The AGN International Business Development Committee (IBDC) names Tony Sokic of Adams & Miles in Toronto, Canada as new leader.

read more
 

January 2018

AGN Creates New Super Region


AGN International announces the creation of a new “Super Region,” composed of Europe, the Middle East and Africa (EMEA). This region was created to increase opportunities for business development for the firms in both former regions. 

read more
 

AGN Firms in the country


India
Arora & Bansal
Level 14, Vikram Towers
16 Rajendra Place
New Delhi 110008
Time Zone:
Phone: (+91 11) 6640 2000
EMail: kintrust@gmail.com
GMJ & Co, Chartered Accountants
3rd and 4th floor, Vaastu Darshan - B
Above Central Bank of India
Azad Road, Andheri
Mumbai 400 069
Time Zone:
Phone: (+91 22) 61919293/ 9222
EMail: sm@gmj.co.in
KNM Management Advisory Services Pvt. Ltd
C-601, Titanium Square
Thalltej Cross Roads
S G Highway
Ahmedabad 380054
Time Zone:
Phone: (+91) 981 839 91 57
EMail: Sandeep.bansal@knmindia.com
KNM Management Advisory Services Pvt. Ltd
12, AWFIS, 7TH Floor
East Wing-Raheja Towers
M.G.Road
Bengaluru 56001
Time Zone:
Phone: (+91) 991 004 58 17
EMail: Sandeep.bansal@knmindia.com
KNM Management Advisory Services Pvt. Ltd
Polyhose Tower, No. 86
Lower Ground Floor, Spic Building
Mount Road Guindy
Chennai 600-032
Time Zone:
Phone: (+91) 442 220 10 53
EMail: Sandeep.bansal@knmindia.com
KNM Management Advisory Services Pvt. Ltd
Unit No. 503, 5th Level, DLF Star Tower,
NH-8, Sector-30, Gurgaon
Haryana 122001
Time Zone:
Phone: (+91) 124 4119157
EMail: Sandeep.bansal@knmindia.com
Shankarlal Jain & Associates LLP/ SLJ Management Consultancy Pvt Ltd
Shopper's Point, 5th Floor
H.B. Road, Fancy Bazar
Guwahati 781 001
Time Zone: GMT+5 1/2
Phone: (+91 361) 600 471
EMail: info@sljainindia.com
Shankarlal Jain & Associates LLP/ SLJ Management Consultancy Pvt Ltd
12 Engineer Building
2nd Floor
265 Princes Street
Mumbai 400 002
Time Zone: GMT +51/2
Phone: (+91 22) 2203 6623
EMail: info@sljainindia.com
V.K. Mehta & Co
1/24 Asaf Ali Road
New Delhi 110 019
Time Zone: GMT +51/2
Phone: (+91 11) 2323 4552
EMail: vikram.mehta@vkm.in
V.K. Mehta & Co
409-409A
International Trade Tower
Nehru Place
New Delhi 110 019
Time Zone: GMT +5 1/2
Phone: (+91 11) 2647 0003
EMail: vikram.mehta@vkm.in
Xestion Advisor Private Limited
F23, 2nd Floor, Sector 11, Noida, NCR
Noida 201301
Time Zone:
Phone: +91 120 6460285
EMail: kumarsv@xestiongroup.com