India is considered as one of the major forces in the global economic market.The majority of the world’s leading developed nations are keen to have or expand their ties with India. Thanks to its huge market base and fast-developing spending habits of middle-class Indians. India is a preferred destination for investors over other major countries.
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. According to the World Bank 2020 Ratings, India is ranked 63 among 190 economies in the ease of doing business.
Approximately 350 million people in India are well versed in English making the country the most sought after place for the developed nations to outsource their business processes. Every year, 3.1 million students are being added to the workforce, this implies that the Indian talent pool is unmatchable as the employees are well qualified with great intelligence and work competencies.
Due to relaxed policies and investor-friendly reforms, India truly offers a conducive ambience for foreign investments and international trade in the near future.