India has been ranked
the second most attractive global destination according
to the World Investment Report 2005 released by
According to a global
survey of business confidence conducted by the accounting
firm Grant Thornton among mid sized companies, India
was ranked number one.
Over the next 10-15 years,
65% of India's population will be in the working
age group, which translates into 882 million by
the year 2020. Amongst the developed countries the
trend would be the opposite. The urban population
is expected to rise to 40% from the current 28%
by the year 2020. As a result of which it becomes
imperative to have a presence in India to sustain
India is the fourth largest
economy in terms of purchasing power parity (PPP).
The size of the Indian economy (at PPP) will be
equivalent to 40% of the US economy and 3 times
that of the German economy by 2020.
Not only will the market
be larger, it would also be much richer. In the
year 2020 the GDP per capita (at PPP) would be almost
USD 5000 as compared to USD 2300 in 2002.
India has better protection
of Intellectual Property Rights, a well-structured
banking & financial system, a strong judiciary and
a qualified work force with English language skills.