The following Commercial practice note Produced in partnership with Aashit Shah and Pallavi Banerjee of J. Sagar Associates provides comprehensive and up to date legal information covering:
Updated in July 2019
The business environment
Establishing a presence
Financing a company
Opening a bank account
Utilising office space
Key employment laws
Contracting with third parties
Protecting key assets and employees
India is the world’s largest democracy with a population of roughly 1.3 billion. While it was predominantly dependant on agriculture as the main revenue source for several years since its independence in 1947, over the last couple of decades, industrial and service sectors comprise a bulk of its economy, with the services sector contributing about 54.17% of the gross value added last year. Today, the Indian economy is the seventh-largest in the world by GDP growth and the third-largest by purchasing power parity. India is one of the G-20 major economies, a member of BRICS and a developing economy among the top 20 global traders according to the World Trade Organisation. The Indian economy has flourished since it opened its doors to foreign investments in 1991. With a stable political environment, an independent judiciary, liberal investment policies, cost competitiveness and a large pool of skilled workforce fluent in English, India today is a preferred investment destination for many global investors, banks, financial institutions and business houses. Foreign companies that want to do business in India have different avenues available to them. This guide provides a broad framework on what a foreign company needs to do and be
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