|
Today India, the seventh largest country in the world has an internal market of 1.1 billion people. In terms of Purchasing Power Parity, Indian economy is considered to be the fifth largest in the world and is estimated to have grown at 8.5% during the Financial Year April 2009 - March 2010, therefore making India the second fastest growing economy in the world. Today, the foreign exchange reserves are at an all time high of US$ 285 billion, inflation is at 7% and the capital markets are buoyant.
India offers great potential to Italian companies which can offer state of the art technology and know-how in diverse sectors such Consumer Goods, Health Care, Information Technology, Telecommunications, Fine Living, Winery etc.
India's democracy is a known and stable factor, which has taken deep roots over nearly half a century after the independence in 1947. A new spirit of economic freedom is now stirring in the country, bringing sweeping changes in its wake.
India's time tested institutions offer foreign investors a transparent environment that guarantees the security of their long term investments. These include a free and vibrant press, a judiciary which can and does overrule the government, a sophisticated legal and accounting system.
India's dynamic and highly competitive private sector has long been the backbone of its economic activity. It accounts for over 75% of its Gross Domestic Product and offers considerable scope for joint ventures, collaborations and transfers of technology.
Today, India is one of the most exciting emerging markets in the world, boasting of skilled managerial and technical manpower that match the best available in the world and a middle class of 200 million Indians whose buying power cannot be ignored.
|