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The Indian economy continues to grow at a good pace and holds a strong position on the global map. The country's gross domestic product (GDP) has been growing at an average rate of 8.5 per cent for the last five years. India's economy is amongst the largest in the world on the basis of purchasing power parity (PPP). It is today one of the most attractive destinations for business opportunities with the available large manpower base, diversified natural resources and strong macroeconomic fundamentals. In FY 2011-12, the country attracted foreign direct investment (FDI) of around US$ 46.8 billion in various sectors. According to UNCTAD's World Investment Prospects Survey 2012–2014, India is the third-most attractive destination for FDI in the world. Indian markets have significant potential and offer prospects of high profitability and a favorable regulatory regime for investors. "We are keen to see FDI investment to surge in India and to that end, a favourable business climate will be helpful in going forward. We are encouraged to see there is a continued path towards fiscal consolidation. That there is a determination to improve the tax code. There is a determination to cap the subsidies at two per cent. All of those measures are good measures," according to Ms Christine Lagarde, Chief, International Monetary Fund (IMF). Key SectorsIndia has grown to become a trillion dollar economy with a largely self-sufficient agricultural sector, a diversified industrial base and a stable financial and services sector. There are numerous sectors that offer lucrative business investment opportunities in India. Some of the key sectors are:- Aerospace & Defence
- Automotive
- Banking
- Capital markets
- Life Sciences
- Information Technology
- Insurance
- Media & Entertainment
- Mining & Metals
- Oil and Gas
- Ports
- Power and Utilities
- Real Estate
- Retail and consumer products
- Roads and highways
- Telecommunications
Government Initiatives in supporting business investments opportunities in IndiaIn order to enable individuals to have the complete benefit of available business opportunities in India, the Government of India has taken following initiatives:- The Government has signed memoranda of understanding (MoU) with 47 investors, attracting investments worth Rs 243.67 crore (US$ 43.83 million), according to S G Hegde, Joint Director, District Industries Centre, Mangalore
- The Small Industries Development Bank of India (SIDBI) plans to utilise the Rs 5,000 crore (US$ 899.28 million) venture fund allocated to it for investments in micro, small and medium enterprises (MSME) over the next four years. 100 MSME clusters have already been identified for the establishment of credit facilitation centres, added Mr Sushil Muhnot, Managing Director, SIDBI
- The Government of Maharashtra has decided to set up a manufacturing zone spread over 5,000 hectares under the National Manufacturing Policy. The policy seeks to give a boost to the manufacturing sector so that by 2022, it can contribute at least 25 per cent to the National GDP and add 100 million new jobs to the market. It has recognised large integrated areas called National Investment and Manufacturing Zones (NIMZ), which will be the growth drivers for the sector
About the Author: Harjeet is an Indian - born mass-market novelist, who covers the world internet related topics . He writes columns and articles for various websites and internet journals in the domain of Investments.
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business investment opportunities, business opportunities in India, investment sectors for NRIs, FDI Investment, Indian Economy, Real Estate in India,
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