Mazars India Tax Director Akram Khan and Senior Manager Abhijit Kulkarni contribute "Doing Business in India" in the latest issue of "The Bulletin", Hong Kong General Chamber of Commerce's monthly magazine.
"India is the largest democracy in the world, the seventh-largest country by area and the second most populous country with a population of 1.29 billion. It has been a favourite destination for investment by multinational companies due to its large domestic consumption-based economy, favourable demographics, skilled workforce and the continuing focus on emerging markets. India's GDP grew at around 7.9% between 2003 and 2012, and is expected to grow at 7.4% in 2014-2015, compared to 6.9% in 2013-14. India ranked amongst the top-10 investment destinations since 2007-08, attracting US$ 95 billion in foreign direct investment and US$97 billion in foreign portfolio investment over the past five years. The service sector attracts the highest amount of foreign capital into India."
To read the full article, please click here (pg. 46-49).
Credits: Akram Khan & Abhijit Kulkarni for The Bulletin (HKGCC), June 2015 issue