Doing business in: India
Produced in partnership with Aashit Shah and Pallavi Banerjee of J. Sagar Associates
Doing business in: India

The following Commercial guidance note Produced in partnership with Aashit Shah and Pallavi Banerjee of J. Sagar Associates provides comprehensive and up to date legal information covering:

  • Doing business in: India
  • Introduction
  • The business environment
  • Establishing a presence
  • Financing a company
  • Opening a bank account
  • Utilising office space
  • Immigration controls
  • Key employment laws
  • Contracting with third parties
  • more

Updated in July 2019

Introduction

The business environment

Establishing a presence

Financing a company

Opening a bank account

Utilising office space

Immigration controls

Key employment laws

Contracting with third parties

Taxation overview

Regulatory compliance

Protecting key assets and employees

Useful links

Introduction

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