INDIA’S ATTRACTIVENESS TO INTERNATIONAL BUSINESS

INDIA INDI A·S ATT ATTRAC RACTI TIVEN VENESS ESS TO INTERNA INT ERNATIO TIONAL NAL BUSINESS BUSINESS

BY:PRIYANKA INDORIA 

THINK OVER IT««  THE SECOND LARGEST SMALL C AR MARK ET ??  THE SECOND LARGEST PH ARMA CEUTIC AL INDUSTRY ??  IS THE WORLD ECONOMIC POW ER WITH GROW TH OV ER THE PAST FE W Y E ARS  AV ERAGING 8% ??  IS THE SECOND LARGEST SOFT WAR E DE V ELOPER AFTER USA??

EXPORT OF INDIA     

LE A THER AND ITS PRODUCTS PH ARMA CEUTIC AL PROD UCTS PLASTIC PRODUCTS MARINE PRODUCTS OR ES AND MINERALS etc.

IMPORTS OF INDIA    

PETROLEUM PRODUCTS IRON AND STEEL INORGANIC CHEMIC ALS FER TILIZERS etc.

SINCE 1991«.  SLOW GROW TH RA TE  HIGH FISC AL D EFICITE

 ECONOMIC LIBERALISA TION 1991  1998 NUCLE AR 

INDIA·S LEGAL SYSTEM & MAJOR  COMMERCIAL LAWS

 FOR EIGN EXCH ANGE MANAGEMENT A CT 1999  COMPANIES A CT 1956  INDUSTRIES A CT 1951  NE W INDUSTRIAL POLIC Y 1991

CORPORATE INCOME TAX  THE CORPORA TE T A X H AS BEING R EDUCED TO 46% FROM 50 %  EXCISE DUT Y ALSO SIMPLIFIED.

FOREIGN DIRECT INVESTMENT  1. ROUTES FOR APPROVAL  CENTRAL BANK   FOR EIGN INV ESTMENT PROMOTION BOARD 2. FDI RISES IN INDIA WITH MOR E TH AN 2100 INV ESTMENT PROPOSAL WOR TH Rs156.2 BILLION

3.

CURR ENT FDI POLIC Y OFFERS THE 100% FDI ST AK E IN V ENTUR ES.

4. LICENSING R EQUIR EMENT H AS BEEN R EDUCED.

REASONS FOR FOREIGN INSTITUTIONAL INVESTMENT(FII)  THE NE W DEMA T TRADING SYSTEM H AS MADE INDIAN STOCK TRADING SYSTEM COMPARABLE TO OV ERSE AS MARK ET.  THE PASSAGE OF STOCK MARK ET FRIENDLY BUDGET H AS CR E A TED A  POSITIV E SENTIMENTS FOR EQUIT Y  MARK ET.

Continued««..   WITHIN ASIA, THE VALU A TION OF THE INDIAN STOCK MARK ET APPE AR ED TO BE THE CHE APEST AND HENCE THE MOST  A TTRA CTIV E.

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