India is currently one of the few bright spots among the world’s emerging economies. A high
GDP growth rate, forecast at 7.6 percent in 2017, reflects the Indian government’s commitment
to economic and institutional reform, infrastructural development, and improving the country’s
business competitiveness. Over the last two years, a positive narrative is emerging out of India,
one that speaks of strong economic fundamentals, growing living standards, a clear federal
vision, and a much more internationally engaged government. These have in turn led to a jump
in FDI inflows, making India one of Asia’s most competitive investment destinations.
Among the reasons for this resurgent economic optimism are various new federal initiatives and
legislative developments that target the revival of previously lagging sectors, institutionalize
regulatory efficiency, and work towards banking and tax reforms. While India’s ‘doing business’
rankings themselves may show slight improvement, the country’s overall business environment
has markedly improved. Today, states in India are encouraged to compete for foreign investment,
and are publicly ranked by the government based on their performance on fixed parameters.
In this issue of India Briefing Magazine, we look at the important regulatory reforms, policy
initiatives, and increased incentives for investing in the Indian market that have emerged since
Prime Minister Narendra Modi took office in 2014. Foreign companies should take note of the
pro-business agenda of the current government and stay updated with the new reforms and
sectoral policies that might ease their entry, investment, and expansion of business operations
in India.
With its growing team of specialists, Dezan Shira & Associates India can provide its clients with
legal, tax, and operational advisory services. We hope that this issue of India Briefing will inform
readers about India’s improving business environment and the increasing scope of advantages
it offers to foreign investors.
This Month’s Cover Art
ANUPAM SUD
I shall Protect
Coloured Etching, 26.5 x 19 inches
Art Konsult
info@artkonsult.com+91-11-65683083
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magazine, please contact:
editor@asiabriefing.comAll materials and contents
© 2016 Asia Briefing Ltd.
Reference
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Readers are strongly advised to seek
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to implement suggestions made within
this publication.
Introduction
With kind regards, Rohit Kapur Rohit Kapur Country Manager Dezan Shira & Associates NewDelhi Office A SIA B RIEFING www.asiabriefing.com www.aseanbriefing.com V IETNAM B RIEFING www.vietnam-briefing.com www.dezshira.com www.china-briefing.com