Economy Profile 2015 India
For policy makers trying to improve their economy’s regulatory environment for business, a good place to start is to find out how it compares with the regulatory environment in other economies.
Indian Economy Overview – India Brand Equity Foundation
India is set to emerge as the world’s fastest-growing major economy by 2015 ahead of China, as per the recent report by The World Bank. India’s Gross Domestic Product (GDP) is expected to grow at 7.5 per cent in FY 2015-16, as per the report. – See more at: http://www.ibef.org/economy/indian-economy-overview#sthash.0p3oIXgL.dpuf
Industry Trends & Business Climate
National Income – Welcome to India in Business
Recent Trends in Indian Economy India has undergone a paradigm shift owing to its competitive stand in the world. The Indian economy is on a robust growth trajectory and boasts of a stable annual growth rate, rising foreign exchange reserves and booming capital markets among others.
Business environment in India – The Economic Times
With Make in India initiative completing one year today, industry chamber FICCI said the initiative has helped attract investments and improved business environment.
Establishing a Presence
Starting a Business in India
Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in India.
Starting a Business in India – New Step-by-Step Process
Here is a simplified new step by step process on how to start a Business in India. This guide will be immensely helpful for people just starting …
Business Types – Business Entities in India
A wide variety of business entity alternatives are available in India
Business Types – The Different Types of Business Entities in India
Starting a business in India requires one to choose a type of business entity. In India one can choose from five different types of legal entities to conduct business. These include Sole Proprietorship, Partnership Firm, Limited Liability Partnership, Private Limited Company and Public Limited Company.
Business Registration Requirements – Business License Registration in India
Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government’s geographical jurisdiction. It is the authorization to start a business issued by the local government. The business activity determines most license requirements. Other determining factors may include the number of employees, location of business and the form of business ownership, such as sole proprietor or corporation.
Business Registration Requirements – Business Portal of India : Starting a Business
In India, incorporation of a company is governed by the Companies Act 1956. It is the most important piece of legislation that empowers the Central Government to regulate the formation, financing, functioning and winding up of companies.
Corporate – Business Portal of India : Taxation : Taxation of Corporate
Company whether Indian or foreign is liable to taxation, under the Income Tax Act,1961. Corporation tax is a tax which is levied on the incomes of registered companies and corporations.
Personal – India Personal Income Tax Rate
The Personal Income Tax Rate in India stands at 33.99 percent. Personal Income Tax Rate in India averaged 30.73 percent from 2004 until 2014, reaching an all time high of 33.99 percent in 2013 and a record low of 30 percent in 2005. Personal Income Tax Rate in India is reported by the Ministry of Finance, Government of India.
Corporate – India Corporate Tax Rate
The Corporate Tax Rate in India stands at 34.61 percent. Corporate Tax Rate in India averaged 35.02 percent from 1997 until 2015, reaching an all time high of 38.95 percent in 2001 and a record low of 32.44 percent in 2011. Corporate Tax Rate in India is reported by the Ministry of Finance, Government of India.
Personal – Tax Charts & Tables – Income Tax Department
The Government of India Income Tax Department Website
VAT/Sales Tax – India Sales Tax Rate | VAT
The Sales Tax Rate (VAT) in India stands at 12.36 percent. Sales Tax Rate in India averaged 12.44 percent from 2006 until 2015, reaching an all time high of 12.50 percent in 2007 and a record low of 12.36 percent in 2012. Sales Tax Rate in India is reported by the Ministry of Finance, Government of India.
VAT/Sales Tax – Business Portal of India : Taxation : Value Added Tax (VAT)
One of the important components of tax reforms initiated since liberalization is the introduction of Value Added Tax (VAT). VAT is a multi-point destination based system of taxation, with tax being levied on value addition at each stage of transaction in the production/ distribution chain.
India – Bureau of Consular Affairs
See “Exit, Entry & Visa Requirements”
Indian Visa Application
Overview. All foreign nationals entering India are required to possess a valid international travel document in the form of a national passport with a valid visa obtained from an Indian Mission or Post abroad.
Work Permits – India – Bureau of Consular Affairs
See “Exit, Entry & Visa Requirements”
Work Permits – Work Permits in India
Non-nationals planning to work or conduct business in India need to apply for an appropriate visa before entering the country.
Transport – India Transport Sector – World Bank
India’s transport sector is large and diverse; it caters to the needs of 1.1 billion people. In 2007, the sector contributed about 5.5 percent to the nation’s GDP, with road transportation contributing the lion’s share.
Getting around India on local transport
Information on all forms of public transportation
Telecom/IT – Department of Telecommunications
An overview of the telecom industry from the India Department of Telecommunications
Telecom/IT – Telecommunications in India
India’s telecommunication network is the second largest in the world based on the total number of telephone users (both fixed and mobile phone)
Labor Rules and Obligations – Home Page :: Ministry of Labour and Employment
Government Labour Website
Social Insurance – Social Security – Ministry of Labour and Employment
As an employer you are responsible for providing adequate social security coverage to all your workers. Background information on Social Security.
Social Insurance – Introduction to the Social Security System in India
India’s social security system is composed of a number of schemes and programs spread throughout a variety of laws and regulations.
International Employment Law “Quick Facts”: India
India is a place of exotic food, beautiful architecture and Bollywood! But, it’s also a developing country with the world’s second largest labor force and an economy that is taking over many others, and becoming one of the best places for global companies to invest. One important observation – Indian Labour and Employment Law is among one of the most complex in the world, so while I know the outline that follows is a good start, it is always a great idea to consult a lawyer
Labor Rules and Obligations – Indian labour law – Wikipedia
Traditionally Indian governments at federal and state level have sought to ensure a high degree of protection for workers, but in practice, legislative rights only cover a minority of workers.
Cost of Living in India
Cost of living information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more
Standard of Living – India ranks 135 in UN Human Development Index
In a sign that shows India has a lot of catching up to do, the country’s ranking in the Human Development Index (HDI) remained unchanged at 135 in 2013, reflecting little improvement in the living standard of its people, said a United Nations (UN) Development Programme report
Climate – India Weather, Climate and Geography
The weather is mainly hot most of the year with significant variations from region to region. The coolest weather lasts from around the end of November to the beginning of March, with fresh mornings and evenings, and mostly sunny days.
Education in India – Wikipedia
Education in India is provided by the public sector as well as the private sector, with control and funding coming from three levels: central, state, and local. Under various articles of the Indian Constitution, free and compulsory education is provided as a fundamental right to children between the ages of 6 and 14.
Education – The School System in India
According to the 2009 Right to Education Act, schooling is free and compulsory for all children from the ages of 6 to 14. However, improvements are slow being implemented and disadvantaged groups may still not have adequate access to education.
Holidays and observances in India
Schedule of gazetted and restricted holidays and observances
Holidays in India
Public Holidays and Bank Holidays in India.
Demographics – India Demographics Profile
Demographic information includes population, quality of life, health, sports, technology, energy and the environment
Business Etiquette – India – International Business Etiquette
The dos and don’ts of business etiquette in South Korea
Safety – India – Bureau of Consular Affairs
US Department of State – Go to Safety and Security for updates from the South Korean government
Climate of the World: India
India’s climate can be classified as a hot tropical country, except the northern states of Himachal Pradesh and Jammu & Kashmir in the north and Sikkim in the northeastern hills, which have a cooler, more continental influenced climate.
Demographics – Demographic Profile – India in Business
India Business – Ministry of External Affairs
Trade Agreements – Department of Commerce
This Ministry of Commerce & Industry site is a summary of trade agreements that have been concluded and those in progress.
Import/Export Regulations – Business Portal of India : Legal Aspects
In India, exports and imports are regulated by the Foreign Trade (Development and Regulation) Act, 1992, which replaced the Imports and Exports(Control) Act, 1947, and gave the Government of India enormous powers to control it.
Housing and Rentals
Accommodation in India | Expat Arrivals
Expats can add finding accommodation in India to the already-extensive list of adventures they’re going to have when they move. Housing options vary greatly between areas, but expats moving to cities like Delhi, Mumbai and Bangalore can expect a smaller selection and more competition than in other locations.
Why renting a house in India is a better idea than buying
There are 750,000 unsold apartments in seven cities alone, including those in Mumbai, the National Capital Region (NCR) and Bengaluru.
India Travel Guide | Fodor’s Travel
Expert picks for your India vacation, including hotels, restaurants, entertainment, shopping, top attractions, and more.
Ministry of Tourism India
The Ministry of Tourism, is the nodal agency for the formulation of national policies and programmes and for the co-ordination of activities of various Central Government Agencies, State Governments/UTs and the Private Sector for the development and promotion of tourism in the country.