Doing Business in India
India with its consistent growth performance & abundant highly skilled manpower provides enormous opportunities for investments. India is the largest democracy and tenth largest economy in the world. India is the fourth largest economy in the world in terms of purchasing power parity. India has a federal system of Government with obvious demarcation of powers between the Central Government & the State Governments. India provides a liberal, attractive & investor friendly investment climate. India has the most liberal and transparent policies on foreign direct investment among major economies of the world.
- 100% FDI is allowed under the automatic route in all sectors or activities except in few areas, which require prior approval of the Government.
- Under automatic route, investors are required to only notify the Reserve Bank of India within 30 days of receipt of inward remittances.
India has liberalized & simplified foreign exchange controls.
- Rupee is generously convertible on current account.
- Rupee is almost fully convertible on capital account for non-residents.
- For FDI- Profits earned, dividends& proceeds out of the sale of investments are fully reparable.
- There are some restrictions for tenant Indians on capital account on incomes earned in India.