Welcome to the Doing Business in India guide, supplied by PwC and sponsored worldwide by HSBC. The PwC Doing Business guides are designed to provide general practical information for anyone interested in doing business in India, along with specific information on taxation; auditing and accounting; and human resources and employment law. In addition this guide has information on trade and banking. It’s part of a series of guides to 21 countries produced by PwC for HSBC.
India has the world’s second-largest population and compared to other BRIC countries it has a younger average population—a demographic bonus that will help it continue to grow in the next few decades. India’s needs are many, especially in improving infrastructure, agriculture and manufacturing. Yet the country has a number of important blessings. Apart from its young, entrepreneurial people it has remained a democracy for almost the whole of its post-independence period. The legal system is robust and efficient, although government services remain notoriously sluggish. Still, it is the world’s second most popular destination for foreign direct investment. In the attached PDF file you will learn how India’s middle class should total more than one billion people within two decades.
You’ll also learn about the Indian trade and regulatory environment; local business etiquette; various strategies for setting up a business; the range of commercial and personal income taxes and duties you will be obliged to pay; and other aspects of the Indian tax code. There’s valuable information on auditing and business incentives available to foreign companies. You will also learn about the many labour laws governing activities ranging from factory safety, maternal benefits and even plantation workers.
Despite the bonds of immigration and Commonwealth fraternity, Canada and India have little trade. Export Development Canada has identified the automotive sector; clean technology; lumber, pulp and paper; mining and metals; telecommunications; and transportation services as key Indian sectors for Canadian business. You can read in detail about Canada and India in our other country guide, India for Canadians.
