Introduction
A country that has bowled over the entire world with its beauty and culture
is India.A country that is loved by all and sundry for its peace and tranquility
its historical base and heritage its monuments,its medicine,its Ayurveda and
above all its bliss.This country has been a very fast developing country and
is the cynosure of the moment in the entire world.Be it nuclear power, export
and import, growth in per-capita income or gross domestic product or be it any
field, India is on the roll.This country is very famous for its natural beauty
and its role in maintaining peace in the entire world.
India is in the scene and is doing pretty good at the moment and is growing
leaps and bounds.Any traveller who is fond of visiting a country which is having
all these features then it is India.Visiting India and exploring all these beautiful
things is a matter of pride and a real chance of oppurtunity.Economically, the
country is doing really good and is galloping on its way to become a super power
in the world.For a visitor this is one of the most important countries to visit
and explore.
Business and Economy
The economic policiesof India are designed to attract good amount of capital
inflows into India on a continuous process and to encourage technological growth
by sigining agreementsbetween India and other countries for the progress of
the country.In the last some years, the inflow of foreign investment has been
tremendous in all the sectors except the public sector.As of now, India is one
of the most exciting markets in the world with very skilled managerial and technical
manpower that match the best in the world.
Foreign Direct Investment (FDI) is permited as under the following forms
of investments.
- Through financial collaborations.
- Through joint ventures and technical collaborations.
- Through capital markets via Euro issues.
- Through private placements or preferential allotments
Foreign Investment through GDRs (Euro Issues)
Foreign Investment through GDRs is treated as Foreign Direct Investment
Indian companies are allowed to raise equity capital in the international market
through the issue of Global Depository Receipt (GDRs). GDRs are designated in
dollars and are not subject to any ceilings on investment. An applicant company
seeking Government's approval in this regard should have consistent track record
for good performance (financial or otherwise) for a minimum period of 3 years.
This condition would be relaxed for infrastructure projects such as power generation,
telecommunication, petroleum exploration and refining, ports, airports and roads.
Restrictions
However, investment in stock markets and real estate will not be permitted.
Companies may retain the proceeds abroad or may remit funds into India in anticiption
of the use of funds for approved end uses. Any investment from a foreign firm
into India requires the prior approval of the Government of India.
Major Cities
The major cities of this magnanimous country which make this country a exqusite
country are both a mixture of the A grade cities and the B grade cities.Cities
like Bombay, Delhi, Bangalore, Chennai, Kolkata, Ahmedabad, Hyderabad are some
of the prime cities which are considered as the commercial hubs of the country.Whereas,
cities like Jaipur,Goa,Pune,Jammu,Uttar pradesh and many more are the culural
hubs of the country.The country has a rich cultural base and th above mentioned
cities keep up the prestige of the country high in the entire world scenario.
Fact Sheet
GDP: purchasing power parity - $3.319 trillion (2005 est.)
GDP real growth : 6.2% (2005 est.)
GDP composition by sector: agriculture: 23.6%
industry: 28.4%
services: 48% (2002 est.)
GDP PER-CAPITA: purchasing power parity - $3,100 (2005 est.)
LABOUR FORCE : 482.2 million (2005 est.)
LABOUR FORCE BY OCCUPATION : agriculture 60%, industry 17%, services
23% (1999)
UN-EMPLOYMENT RATE: 9.2% (2005 est.)
POPULATION BELOW POVERTY LINE: 25% (2002 est.)
PUBLIC DEBT : 59.7% of GDP (federal debt only; state debt not included)
(2005 est.)
India is a country that is galloping towards becoming a super power very soon.
People from across the globe are attracted towards this country because of its
features and anybody who is interested in visiting and investing in a fast growing
country, then it is India.
