India - An attractive investment destination

India is fast emerging as one of the biggest economic powers of the world. It offers large domestic market of nearly about 1000 million people having high and medium levels of income, which represents an effective demand for all types of consumer goods and commodities. This also provides an enormous requirement for infrastructure.

One of the significant features of the sweeping economic and financial reforms set in motion by the Government of India since 1991 has been a conscious recognition of the important role of Foreign Direct Investment (FDI) in the accelerated economic growth of the country. India is now ushering in the second generation of reforms aimed at further and faster integration of Indian economy with the global economy.

As a result of the various policy initiatives taken and under way, India has become one of the most attractive destinations for foreign investment.

The Indian Government's liberalization and economic reforms programme aims at rapid and substantial economic growth and integration with the global economy in a harmonized manner. The Industrial Policy reforms have reduced the industrial licensing requirements, removed restrictions on investment and expansion and facilitated easy access to foreign technology and foreign direct investment.

India is a country of diverse cultures and variety of languages with English being a popular language for day-to-day means of communication. Language of the Supreme Court and the High Courts is also English. India is the largest democracy in the world. It has a parliamentary form of government elected on the basis of universal adult franchise. The Parliament consists of two houses known as Rajya Sabha (The Council of States) and Lok Sabha (The House of People). The President is the constitutional head of the country while the Prime Minister is the executive head of the Government