India – Still a Leading Destination for Foreign Investment

AGN Global Business Voice: International Business Issues.

India remains a hot topic where many AGN member firms have helped their clients take advantage of the incentives to do business.

The World Bank has predicted GDP growth for India at 8.2% for FY-23, despite global turmoil and uncertainties in the global economy.

The Economic Times reported that investors ranked India the 3rd most attractive country destination. Around 80% of all investors have plans to invest in India in the next 2-3 years, while approximately 25% reported investments worth >US$ 500 million.

In our latest Global Business Voice (GBV), we look again at India as a destination for expansion and investment. We explore the sectors that are buoyant and the government tax incentives that are helping clients establish operations in what is forecast to be the most populous country in the world by next year.