Welcome to India – the fastest growing economy in the world, the seventh-largest country by area, the second-most populous country with over 1.33 billion people and the world’s largest democracy.
According to the World Bank, the Indian economy will grow at 7.6 % in 2016-17, followed by further acceleration to 7.7 % in 2017-18 and 7.8 % in 2018-19. The new visionary political leadership, favorable demographics with over 50% of the population below the age of 24 years and 65% of the population below the age of 35 years and large educated workforce have further fueled this growth.
To facilitate the ‘Ease of Doing Business’, the Indian Government has taken up significant measures on the taxation and legal fronts and has also launched other initiatives like ‘Make in India’ and ‘Digital India.’ This is further enhanced by integration of the economy with the global markets by adopting IFRS conversion and implementation Goods and Services Tax (GST) in the near future.
Each day, doing Business in India is becoming more easy and achievable. When you are looking to cross your national borders for new opportunities, RSM India assures you hassle-free set-up and compliance services by connecting you to our most senior professionals. Our strong local understanding and rich professional experience combined with global vision will keep you a step ahead while operating internationally. This publication provides a broad understanding of various social, legal, tax and commercial framework relevant for doing business in India.
About RSM India
- 6th largest tax, accounting and consulting group in India [International Accounting Bulletin, September 2016]
- Nationwide presence through offices in 11 key cities across India
- Multi-disciplinary personnel strength of over 1,300
- International delivery capabilities