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an introduction todoing business in india2024poised to stay the fastest growing g20 economyspecial focus
this edition of doing business in india was produced by a team of professionals atdezan shira & associates, with naina bhardwaj as technical editor and melissa cyrill as lead editor.creative design of the guide was provided by nguyen hoang linh.© 2024 dezan shira & associates disclaimerthe contents of this guide are for general information only. for advice on your specific business, please contact a qualified professional advisor. j9九游会登录入口首页新版 copyright 2024, asia briefing ltd. no reproduction, copying, or translation of materials without prior permission of the publisher is permitted. visit us on facebookfollow us on twitter@dezanshira@indiabriefingvisit us on linkedinthe doing business in asia guides seriesavailable to download now:• asean guide• china guide• indonesia guide• hong kong guide• singapore guide• vietnam guide• china super city clusters• dubai guidedoing business in india portalour latest online doing business in india portal consists of 100 guides, videos, publications, and tools that are practical and easy to navigate, covering: why india, regions to invest, sector insights, how to setup, tax, audit and accounting, hr, recruitment, peo, and payroll, news, events, and more.
3an introduction to doing business in india 2024about dezan shira & associatesat dezan shira & associates, our mission is to guide foreign companies through asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. since its establishment in 1992, dezan shira & associates has grown into one of asia’s most versatile full-service consultancies with operational offices across china, hong kong, india, singapore, and vietnam as well as liaison offices in italy, germany and the united states, and partner firms across the asean region and in bangladesh. with over 30 years of on-the-ground experience and a large team of professional advisers, we are your reliable partner in asia.your partner for growth in asia
4an introduction to doing business in india 2024welcome to the 2024 edition of our introduction to doing business in india guide.as india’s economic prowess captures global attention and the country is poised to become the world’s third largest economy by 2030, this guide will assist businesses seeking to navigate this vibrant market.india’s gdp growth is predicted to reach 6.5 percent in 2024-25, and hit 7 percent in 2026. amid another year of global turmoil underpinned by war and conflict and uneven post-pandemic recovery, india’s economy has stood out as a bright spot. anchored by political stability and a continued focus on business facilitation, 2023 saw key industries getting a boost through pli schemes and competitive state-wise industrial policies. the g20 summit was also successfully hosted in the country and presented the indian market as a forward-looking base that can serve as a key point in global supply chains. the semiconductor industry and green sector are two areas where india has engaged with key global partners for support in terms of investments and technology transfer. as these evolve, they will support india’s sustainable development targets and moving up the industrial value chain.designed to introduce the fundamentals of investing in india, this publication is compiled by the experts at dezan shira & associates, a specialist practice providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence, and financial review services to multinationals investing in emerging asia.doing business in india 2024 covers the following:• corporate establishment • india’s investment climate• tax, audit, and accounting• human resources and payroll• trade policyprefacecontactdezan shira & associates india@dezshira.comwww.dezshira.comrohit kapurmanaging directordezan shira & associatesnew delhi office
5an introduction to doing business in india 2024the introduction to doing business in india 2024 guide is designed to introduce the fundamentals of investing in india. compiled by the professionals at dezan shira & associates in november 2023, this comprehensive guide is ideal not only for international firms looking to enter the indian market, but also for companies who already have a presence here and want to keep up to date with the most recent and relevant policy changes.to be more specific, the below changes are noticeable for your attention:why india: despite headwinds challenging the global economy, 2023 has been a year of growth for businesses in india. the country is estimated to grow at 6.3 percent in financial year 2023-24 (fy 2024), with a minimum and maximum growth estimate of 6 percent and 6.6 percent, respectively, accor