WHAT ARE THE KEY ADVANTAGES OF DOING BUSINESS IN INDIA FOR FOREIGN COMPANIES?
Many foreign companies wish to do business in India. Ever wondered why?
Here are some of the advantages:
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Potential for growth: The growth potential in Indian Market is immense as it is one of the fastest growing economies in the world.
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Vast Trade Network: India has a vast trade network backed by regional and bilateral free trade agreements. In addition to that, there are numerous trading partners to trade with.
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Comprehensive Tax System: India has a comprehensive network of tax treaties, moreover, recently Indian tax system has been modified by the Direct Taxes Code as well as the Goods and Service Tax (GST) to provide ease of doing business.
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Highly Sought After Workforce: India is home to extremely sought after workforce, mainly because of talent, knowledge, skills, ethics and other professional standards.
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Indian Financial System: India has a well-regulated financial system which has access to developed markets all over the world and can be financed through multiple sources restricted to some rules and regulations of RBI etc.,
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Indian Work Ethics: Indians are known for their work ethics all over the world. The blend of hardworking nature with the willingness to learn attitude, is what sets Indians apart from their South Asian counterparts.
Now, you know why foreign companies want to do business in India. For more such blogs stay tuned and if you want to consult a CA in Bangalore then get in touch with us.