))
Episode 28 - The India Country Review With Swatick Majumdar (Special Episode)
Manage episode 356727010 series 3404720
Contenu fourni par Marcus Magarian. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Marcus Magarian ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
Swatick breaks it all down in this special episode about the country of India.
Strong economic indicators
- India is the fourth largest economy in terms of purchasing power parity
- The nation’s GDP is expected to grow by over 8.5 percent in 2010-2011
- Liberal and transparent foreign investment regime
- Well developed banking system and vibrant capital market
- Strong and independent judicial system
- Among the highest rates of returns on investment
Incredible human capital skills
- A strong pool of scientific and technical manpower from such places as the India Institute of Technology and the India Institute of Management
- Over 255 of Fortune 500 companies getting services from India
- Second largest English-speaking population in the world
- Abundant, high-quality, cost-effective, competitive manpower. Over 100,000 IT professionals added each year
- IT Industry over US$14 billion and growing at 50 percent per year
Pervasive entrepreneurial spirit
- Prevalence of foreign technology licensing: Ranked 1st in the world
- Availability of scientists and engineers: Ranked 2nd
- Quality of management schools: Ranked 9th
- Firm-level innovation: Ranked 12th
- Firm-level technology absorption: Ranked 16th
Easy industrial licensing policy
- Under the Industries (Development and Regulation) Act of 1951, an industrial license is only needed for items that fall under compulsory licensing, are reserved for the small-scale sector, or in a location that is restricted
- All industries exempt from industrial licensing are required to file an Industrial Entrepreneur Memorandum
- No approval is required, only notification needed
- Financial sector reform
- Stable tax regime; only three rates of indirect tax and trade facilitation measures have been introduced
- The Foreign Exchange Management Act, of 1999 provides a liberal regime; forex procedures are straightforward
- Stocks can be sold on without prior approval
- Profits, dividends, and capital investment can be repatriated
- Royalties can be paid by wholly owned subsidiaries to parent companies
36 episodes
Partager
