India Economy ,Maya-Aryan

India's economic policies are designed to attract significant capital inflows
into India on a sustained basics and to encourage technology calibration
agreements between Indian and foreign firms.Policy initiatives taken over
the last few years have resulted in signific - ant inflows of foreign
investment in all areas of the economy,except those reserved for the
public sector.Today, India is one of the most exciting emerging markets in
the world. Skilled managerial and technical manpower that match the best
available in the world and a middle class whose size exceeds the
population of the USA or the European Union, provide India with a distinct
cutting edge in global competition.

While looking at the prospect of doing business in India it would be
prudent to see what are the options available to a Non Indian company to
invest in India. Since 1991 India has undergone a sea change in its
outlook toward foreign investment and global collaboration. Add to that
the phenomenon called Internet and you really have an explosive
combination. It's no wonder that software and Internet services have
really led India's outward push.

India's economy continues to progress on a higher growth path, due to
the economic reform process stepped up since October 1999. India is
committed to implementing fully economic reforms, encouraging
investment and technology flows, and actively promoting and facilitating
greater private sector participation in all sectors of the economy.

India is the fourth largest economy in the world, and has the second
largest GDP among developing countries, based on purchasing power
parity. Economic indicators are promising. It is the world's largest
democracy, with a long established and robust democratic, federal
system. India has a large market, and a growing middle class with
substantial purchasing power. India has a long established legal and
accounting system, an independent judiciary, a free and vibrant press,
and a strong tradition of entrepreneurship. The use of English is
widespread in business and commerce. India's engineers, scientists,
technicians, managers and skilled personnel are among the best in the
world. The Information Technology sector continues to show robust
growth. India's vast reservoir of knowledge workers has attracted many
global companies to do business in India. Seldom mentioned is India's
advance in bio-technology.
As India moves ahead with its economic reforms, opportunities wait to be
exploited in sectors such as energy, telecommunications, insurance and
financial services, manufacturing, transportations, urban development,
and other areas of infrastructure. Procedures are being simplified and
streamlined to facilitate business.

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