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Doing Business in India - A Background

India presents many opportunities for business due to its large young population and skilled workforce available at low costs. The government has introduced initiatives like "Make in India" and "Vocal for Local" to both attract foreign investment and encourage domestic production and consumption. However, issues like red tape, corruption, and lack of public awareness about programs continue to prevent India from being seen as fully business-friendly, according to the document.

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Anakha Radhakrishnan
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40 views1 page

Doing Business in India - A Background

India presents many opportunities for business due to its large young population and skilled workforce available at low costs. The government has introduced initiatives like "Make in India" and "Vocal for Local" to both attract foreign investment and encourage domestic production and consumption. However, issues like red tape, corruption, and lack of public awareness about programs continue to prevent India from being seen as fully business-friendly, according to the document.

Uploaded by

Anakha Radhakrishnan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Doing business in India - A background

India being the world’s largest democracy and the fastest growing major economy, offers
many attractive opportunities to undertake business activities. The country offers a huge
demographic dividend through its largely young population base with a median age of 26.8
years that can actively contribute to the labor market. Specifically considering the labor
market, India is home to a large set of skilled workforces that can be cheaply acquired due to
the rampant unemployment. With initiatives like “Make in India” and “Vocal for Local”, the
government has taken a two-pronged approach of attracting more foreign investments to
boost the national income levels while also encouraging its own citizens to produce and
consume more local produce. Even though multiple schemes like FDI relaxations, StandUp
India, SIP-EIT, SEZ benefits, MUDRA etc. have been introduced by the government to
improve the experience of corporates in India, multiple issues such as red-tapism, corruption,
even at grass root levels and lack of public awareness about government initiatives stand in
the way of India being perceived as a business-friendly nation by corporate houses across the
world. The following section analyses what exactly is the ease of doing business index,
India’s relative position as well as recommendations to improve the same.

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