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World Leaders Views on India

Despite the global slowdown, the Indian economy continues to grow at a positive rate and has achieved a strong position on the global map.

With its robust financial systems and mature capital markets, India has emerged as one of the most attractive destinations for business and investments in the world.

India's strong fundamentals, like the growing middle class, cost competitiveness and domestic consumption capacity have made it a preferred destination for MNCs from across the globe.

Our Doing business in India guide offers an overview of India's commercial climate and explores entry options for global businesses in India. It aims to guide MNCs by simplifying the complex decision-making process while undertaking foreign operations.

Key aspects that make India a preferred business destination

  • India has a young population, with around 65% in the age group of 15 to 64 years.
  • The country's GDP grew by 7.9% for the 10 year period ending 2012-13, despite the global economic meltdown of recent years.
  • The e-commerce market in India has enjoyed phenomenal growth of over 40% in the last few years from US$3.6b in 2009 to approximately US$10b in 2012.
  • The new Companies Act 2013 legislation will greatly impact doing business in India.
World Leaders on India

India's biggest strength in the coming years is going to be her demographic dividend. More than 50% of our population is under 25 years and soon, one-fifth of the world's working age population will be in our country.”

"Pranab Mukherjee,
President of India while receiving the National Innovation Council's Report to the People.

"I leave India with a profound admiration for the remarkable development gains this country has achieved in recent decades. India's experience holds valuable lessons for the World Bank Group and for countries around the world.

"Jim Yong Kim,
World Bank Group President

"It is important to take a moment to remind ourselves of this country's extraordinary achievements. Some are well known in the world at large the emergence of a world-class IT industry, the rapid growth of exports and the development of a sophisticated financial sector.India has a strong voice in the global discussion of many key issues, including trade and climate change ... These successes highlight the gradual process of reform India has undergone during these years of rapid growth. Regulatory changes have been significant … From abroad, India fits comfortably into the category of countries that are doing well. Its growth is strong by advanced country standards.

"Naoyuki Shinohara, Deputy Managing Director, International Monetary Fund

"As India pursues more trade and investment, we want to be the first in line. We want to help India build bullet trains and smart cities. India and the US are natural partners, we can be the 'Best' partners. I propose a new United Nations Security Council with India as a permanent member"

Barack Obama, President of United States of America during his town hall speech.