Investing In India
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At a size of roughly one-third the U.S. and a population of over 1 billion people, many of them English speaking; India is becoming an increasingly attractive region for foreign investment, (India, 2005). More and more companies are considering investing in India, a trend that coincides with the Indian governmentÆs desire to make doing business in India more attractive and less complex than in the past. By creating investment options, the government hopes to increase IndiaÆs appeal as an investment center. This is particularly encouraging for investors, since a majority of the country is undeveloped. According to Judy Maksoud (2005, p. 28), ôOnly 18% of IndiaÆs total area of 3.14 million sq km has been explored, which leaves 82% of the sedimentary basins still unexplored.ö This analysis will provide investors with information relating to investing in India, from political stability and structure to economic structure, foreign policy and infrastructure. A conclusion will address the soundness of investing in this emerging global market. IndiaÆs government, a federal republic, divided into 28 states and 7 union territories for administration, is fairly stable, (India, 2005). Political stability rests on the relationship between IndiaÆs Prime Minister Manmohan Singh and Congress Party leader Sonia Gandhi. GandhiÆs Congress Party won election in 2004, prompting concerns about government stability. Two main issues ar
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he economy of India is diverse. From traditional village farming and modern agriculture to a large number of modern industries and services, the Indian economy is growing at a real growth rate (GDP) of 6.2%, fueled largely by a rapidly growing services and agricultural industry, (India, 2005, p. 7). GDP per capita is $3,100, while gross fixed investment stands at 23.8% of GDP, (India, 2005, p. 7). Even so, nearly one-fourth of the population is below the poverty line, a number of people nearly the size of the U.S. population. The Indian government, however, is committed to making additional economic reforms while funding infrastructure improvements to help with economic development.
While the government has reduced some controls on foreign trade and investment, IndiaÆs tariffs, which averaged 20% in 2004, are still high and limits on foreign direct investment are still maintained, (India, 2005, p. 7). Since 1994, the Indian economy has posted robust growth however, averaging 6.4% since that time while also achieving a 10% reduction in the poverty rate, (India, 2005, p. 7). One of the strong factors for continued economic growth is IndiaÆs large, English-speaking skilled labor force, often a source of attraction for foreign i
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Approximate Word count = 1800
Approximate Pages = 7 (250 words per page)
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