Global investors looking for a piece of India’s booming economy
Under the tutelage of Prime Minister Narendra Modi, India’s economy has gone on to grow in leaps and bounds. It has seen an annual growth of 7 pc. The government has launched numerous programmes like Skill India and Make in India, aiming at easing the business exchanges between India and the world.
More than 400 French firms have already established themselves in crucial sectors like defence, energy, transportation and smart city programs. “We are very much involved in the new programmes launched by the India Prime Minister, Mr Narendra Modi,” said Jean-Marc Fenet, Minister Counsellor for Economic and Finance Affairs, Embassy of France in India, while interacting with MIG TV on the sidelines of Vibrant Gujarat Global Summit 2017.
He further expressed France’s keenness in Indian market, with the country’s new technology; France wants to be the part of different schemes launched by the Indian government, like Make in India.
Besides France, another country that is bullish about the Indian markets is the United States, which has strong trade ties with India. Also, countries in the Middle East and other parts of the world are tracking the developments closely.
India is the largest base for start-ups and entrepreneurs. Across various sectors, ranging from education to finance, many of them have come up with innovative solutions to India’s socio-economic challenges.
While doing business with India has become a necessity for almost all multinational brands, investors from around the globe are keeping a close eye on the various opportunities. But, finding success is not easy; the government still needs to address the challenges in terms of corruption, taxation and other administrative issues.
