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I
NDIA
B
RIEFING
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2014
Dear Clients and Readers,
After a turbulent year for India’s economy, strong quarterly growth figures and
encouraging political developments appear set to
make 2014 one of the most promising years for foreign investors in recent memory.
Driven by the expectation
that Indian exports and investment demandwill increase steadily alongside a pick-up
in the global economy, Goldman Sachs and the Reserve Bank of India expect GDP
growthwill reach 5.5 percent in 2014 andmaintain a pace of about 7.5 percent over the
next few years. India’s current account deficit sits at its lowest level in more than four
years, and corporate confidence in the country surpasses both China and the United
States according to Ernst & Young’s annual Capital Confidence Barometer Report.
Making a strategic and informed decision about investing in India requires both an understanding of the diverse
options for investment in the country, and recent changes in FDI policy that open several key business sectors
to increased foreign investment.
In this issue of India BriefingMagazine, we explore important amendments to India’s foreign investment policy,
and outline the various investment options for business establishment— including the establishment of a
wholly owned subsidiary company in sectors that permit 100 percent foreign direct investment. Finally, we
explore several taxes that apply to wholly owned subsidiary companies and their operators.
As India ventures into 2014,
Dezan Shira & Associates advisors in Delhi and Mumba iare proud to offer
business advisory services, tax consulting, internal audits, and assistance with business establishment in India.
Best Regards,
Gunjan SinhaCountry Manager
Dezan Shira & Associates, India
Introduction
Issue 21
•
February 2014
Badri Nath Arya
Watercolour and wash, on paper pasted on cardboard, 98.3 X 65.3 cm
Delhi Art Gallery
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www.delhiartgallery.com| +91 11 4600 5300
This Month’s Cover Art
For Reference
India Briefing and related titles
are produced by Asia Briefing
Ltd, a wholly owned subsidiary
of Dezan Shira Group.
Materials within are provided
by Dezan Shira & Associates. No
liability can be accepted for any
of its contents. For any queries
regarding the content of this
magazine, please contact:
editor@asiabriefing.com