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.