India is one of the largest and fastest developing economies in the world, with a growth rate of 7.5%. With its enormous market base, India is rising as a preferred destination for global investors. Additionally, the Indian government has made numerous efforts to facilitate easy market entry and promote global collaborations. This has also pushed the country up in the list of most attractive economies in the world. This guide aims to highlight various international business opportunities in India for global investors.

What Makes India A Hotspot For International Business Opportunities

The government has introduced reforms such as Goods and Services Tax, Digital India, Land Acquisition, and Tech Parks. These reforms have led to positive economic and infrastructural growth in India. It has also allowed more local businesses to mushroom and foreign entities to enter the market. In addition to these reforms, the increase in international business opportunities in India has stemmed from:

Developing Market

India is the second most populated country, with 1.37 billion people. The country also houses a large section of High Net Worth Individuals. With a steady increase in internet users and better connectivity, the Indian consumer base is on the rise.

Additionally, this market base is predicted to double over the next couple of decades. The per capita growth of the Indian population has also led to an increase in the purchasing abilities of Indians. More consumers are looking for better quality products. This has attracted global investors to fund many manufacturing and service industries in the country.

Technological Disruption

India is also rapidly evolving on the technology spectrum. Technologies like Artificial Intelligence and Blockchain have transformed many Indian industries. The development of technology infrastructure in the country has also led to an increase in consumers with smart devices. A cashless and digital India is also pushing a majority of consumers towards eCommerce.

A large assortment of businesses is opting for hybrid business models to connect with a wider customer base. The focus has also shifted towards better customer services and connectivity. These changes are making India an attractive investment option for global investors. Companies from Europe, APAC region, and North America are scoping the international business opportunities in India to leverage the technology revolution in the country.

Affordable Human Capital

The country has a vast pool of skilled workers and experienced professionals. Also, India is considered to have one of the most refined and dedicated workforces globally. More companies are looking to establish their base in the country due to the affordable human capital available.

Manufacturing plants, tech support centers, innovation parks, and research centers allow global enterprises to outsource their requirements. For instance, companies like Uber, Amazon, DHL, etc. have gained a large market base by acquiring high-quality human capital in India.

Entry Regulations Making Way For International Business Opportunities in India

India has become a more welcoming market for global companies. More foreign startups are now able to penetrate its gigantic market due to the lowered entry restrictions. The Indian government is making many strides to invite global investors with 100 percent FDI in numerous industries.

Businesses that wish to expand globally can also leverage the various tax benefits and land acquisition ease extended by the government to set up their base.

Manufacturing 

The manufacturing sector in the country is developing. State governments in India are offering lucrative opportunities to foreign businesses to set up their operations. Customizable business parks, cheaper real estate, intellectual property protection, and various other benefits are causing a shift in investment to the manufacturing sector in India.